CLOSURE OF MCINTOSH COLLEGE
Options now available for private and federal loan forgiveness
FOR-PROFIT COLLEGE CLOSES DOORS, STUDENTS, TEACHERS, AND TRUSTEES AT A LOSS FOR WORDS
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.
Starting in 1999, it was operated by the Career Education Corporation, a for-profit post-secondary education provider. Career Education Corporation announced on November 15, 2006, that it was going to sell several colleges that it owned, including McIntosh College. On February 15, 2008, CEC announced a plan to let current students complete programs.
The college closed in 2009. Unfortunately, they didn’t bother to tell the Trustee’s their plans nor did they utter a word to the students. Students are rightfully angry, some even going as far as to accuse the school of predatory lending through the use of recruiters. Students need to know that there is help, the Obama Administration has been valiantly fighting to alleviate student debt through the use of the infamous “Obama Forgiveness Plans”.
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 McIntosh College, accused by students of predatory practices and facing increasing transparency.