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Good News For Msb/Globe Students

7/18/2019


 

Contact: Sandy Connolly (651) 259-3902

Hundreds of additional students impacted by the closure of the Minnesota School of Business and Globe University (MSB/Globe) may qualify for a closed school loan discharge under new guidelines released today by the U.S. Secretary of Education.

“This is great news for dozens of Minnesota students whose lives were disrupted when MSB/Globe closed their doors,” said Commissioner Dennis Olson, Minnesota Office of Higher Education (OHE). “I encourage all students who left these two schools during the new timeframe to find out if they now qualify to have some of their student loans forgiven”

In September 2016, Hennepin County District Court found that students in MSB/Globe’s Criminal Justice Program were misled, deceived and defrauded. As a result, OHE was required to revoke MSB/Globe’s state authorization. MSB/Globe closed their doors permanently on September 14, 2017.

A closed school loan discharge normally applies only if you withdrew (without completing your program) within 120 days of the school's closing date, or if you were attending when the school closed. For MSB/Globe students, the U.S. Secretary of Education has extended the timeframe to include any student who withdrew from the school on or after Sept. 8, 2016.

 Students can apply for a closed school discharge through their federal loan servicer. Students with questions can contact OHE at 651-259-3912.


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