Senate Dems Drop For-Profit College Criticism to Appease Biden Nominee
Elizabeth Warren ignores SEC pick s for-profit college ties after attacking industry Gary Gensler / Getty Images Collin Anderson • March 8, 2021 5:00 am
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Top Democrats have long attacked predatory for-profit colleges for exploiting low-income students of color. But when it came to President Joe Biden s pick to head the Securities and Exchange Commission who made millions representing one of the industry s infamous actors they remained silent.
During a Tuesday confirmation hearing, Gary Gensler avoided scrutiny from Senate Banking Committee Democrats over his eight-year tenure on the board of Strayer University. The for-profit college has faced criticism for aggressively targeting vulnerable students in urban areas using celebrities such as Queen Latifah and Steve Harvey. Gensler accumulated between $1 million and $5 million in stock options for his work at Strayer, according to a 2009 finan
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