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Steve Eisman, For-Profit College Skeptic, Will Pay Indebted Student's Bill

08/29/2010 05:12 am ET | Updated May 25, 2011

Steven Eisman, a hedge-fund manager who delivered a scathing assessment of for-profit education at the same Senate hearing, announced on Monday that he would pay off [Yasmine] Issa's $17,300 debt.

Monday's news follows an unusual "challenge" that Mr. Eisman laid down after the Senate hearing. The hedge-fund manager had called up a Chronicle reporter on Friday to say he would pay half of Ms. Issa's loans if the Career College Association, a trade group that represents institutions like the one she attended, would cover the other half.

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