VIDEO: Romney and For-Profit Colleges

Organizers of Occupy Student Debt have released a new video highlighting Gov. Mitt Romney’s warm support for for-profit colleges, which often use predatory practices to lure vulnerable students into financing a high-cost, poor-quality education. The video makes it clear that Romney, who once infamously suggested that college students borrow from their parents to finance their education, is just as disconnected from reality on the issue of for-profits.

In the video, Romney is caught stating that for-profit “Full Sail University … [holds] down the cost of their education by recognizing they’re competing,” yet the school has the third-highest tuition in the nation—an average of $42,809 a year.

What’s more, heavy hitters in the for-profit industry are big donors to Romney’s campaign and to pro-Romney super PACs. The Romney super PAC Restore Our Future has received hundreds of thousands of dollars just from Full Sail University and its private equity firm. Big donors also include the PAC behind University of Phoenix—a school Romney has also praised—and EDMC, the country’s second-largest for-profit firm, which faces lawsuits alleging fraud and recruiting abuses.

As if such cozy donor relationships weren’t enough, these firms, which benefit from federal student aid, have been known to use tax dollars to pay their lobbyists.

Obama supports a gainful employment rule, which keeps predatory institutions from receiving federal funds. Romney has yet to offer students and taxpayers any such assurances.

Watch the video:



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