Loan forgiveness possible for students at now-closed MN School of Business and Globe University

Students who withdrew from the now-closed Minnesota School of Business and Globe University anytime after September 8th, 2016 could be eligible to have their federal student loans forgiven. Minnesota Attorney General Keith Ellison asked the U-S Department of Education to allow discharge of student loans in this case. He says because M-S-B and Globe engaged in fraud and closed their doors, many students “ended up saddled with debt and with little or nothing to show for it.” Affected students must submit an application to the U-S Department of Education to request that their loan be discharged. Loans are generally *not* forgiven if the student was able to transfer credits earned at M-S-B or Globe to a comparable program at another institution.