Deals
Laureate's U.S. Students Struggling to Repay Loans as IPO Looms
- Two studies show Walden students struggling to pay U.S. loans
- Company paid Bill Clinton $16.5 million as honorary chancellor
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To investors including KKR & Co. and Steven Cohen’s Point72 Asset Management, Laureate Education Inc. has been a star student in the struggling class of for-profit colleges. Now, as the world’s largest higher-education company prepares for an initial public offering, two new report cards have given its biggest U.S. school some poor grades.
The studies, which use repayment data to see how borrowers are handling their federal student debt, show that students who attended Laureate’s Walden University are failing to make progress paying off their loans. That means taxpayers could be on the hook.