Laureate Education Inc, a for-profit higher education provider that boasts former U.S. President Bill Clinton as honorary chancellor, is planning to launch an initial public offering, according to people familiar with the matter.
When Jesús Ignacio Lechuga applied to college three years ago, he was looking for an education that would be affordable and allow him to work and study at the same time. So he applied to the International College for Experienced Learning, or Universidad ICEL, a for-profit university in Mexico City, where tuition is 10 percent of what it is at the city's elite nonprofit universities and classes are offered at nights and on weekends.