JONES INTERNATIONAL UNIVERSITY IMMINENT CLOSURE
Options now available for private and federal loan forgiveness
FOR-PROFIT COLLEGE CLOSES DOORS DUE TO SHARP DROP IN ENROLLMENTS
A Quick Look
Jones International University (JIU) was a for-profit university offering degrees in education and business. Corporate offices are located in Centennial, Colorado. In 1993, Glenn Jones started JIU, claiming to be the first university anywhere to exist completely online.
Jones International University has shut down as of March, 2015 and is allowing current students within a year of graduation to finish their coursework with Trident, a similar online only university.
This is one for-profit college with very poor ratings by former students and teachers. Many students speculate that Jones International University used predatory lending practices to lure unsuspecting students into an education that doesn't benefit them and a degree that is ultimately worthless.
The main complains teachers have are pretty consistent in that they feel:
- Their pay is much lower than an average teacher’s salary
- The organization is unstable and chaotic
- The policies created are of poor quality
- The leaders are inexperienced in the running of a business
The students also have a fairly unanimous mindset in regards to the shortcomings:
- Disappointing experience
- Learning was low priority
- Unclear terms
- Poor Learning Environment
- Massive Debt
Some tech startups, like GoodbyeLoans.com, work to assist students who’ve had experiences like these at for-profit colleges like Jones International University with their federal and private student loans. “We understand exactly how hard it can be to cope with looming debts in the face of a struggling economy, and we’ve taken the time to thoroughly examine the systemic options of optimized repayment and/or loan forgiveness, so that you can take the shortest path to moving forward. This is by no means an intention to slander or defame colleges like Jones International University in any way. There are enough credible sources that we felt prompted to take action and offer our insights to any student faced with overwhelming debt or institutional injustice.”
STUDENT LOAN FORGIVENESS
What is arguably the national crisis of total student loan debt currently exceeds 1 trillion dollars, according to a report by the Consumer Protection Bureau, and there have been widespread government initiatives to provide the opportunity for partial or total student loan forgiveness, as well as entrepreneurial social movement to provide real expediting services (at affordable prices for all), in the interests of restoring the balance of our economy.
GoodbyeLoans.com is one service that helps students navigate the options and programs offered by the Department of Education, and provides real guidance for pursuing consolidation, reduction, and even total forgiveness of both federal and for-profit student loans.
Because forgiveness applications can be so complex, services like GoodbyeLoans.com provide a badly needed service to the thousands of Americans suffering from crippling, and in some cases unjust, student loans. GoodbyeLoans.com’s core staff are dedicated young entrepreneurs, committed to providing a “smart fix” to this national problem, offering “no-strings” consultations, affordable pricing, and swift resolution. With more solutions-oriented services like GoodbyeLoans.com entering the market place, it will be interesting to see what can be done about the national student loan debt, as well as the closure and lending practices of colleges like Jones International University, accused by students of predatory practices and facing increasing transparency.