Closure of Pillsbury Baptist Bible College
Options now available for private and federal loan forgiveness
NON-PROFIT COLLEGE CLOSES DOORS, STUDENTS AT A LOSS FOR WORDS
A Scoop of Pillsbury
Pillsbury Baptist Bible College was an Independent Fundamentalist Baptist college in Owatonna, Minnesota, United States, in operation 1957–2008
The campus was first opened as the Minnesota Academy on September 10, 1877, by the Minnesota Baptist State Convention as a college-preparatory school. The name was changed to the Pillsbury Academy in 1886 in honor of one of its chief donors, George A. Pillsbury of the First Baptist Church in Minneapolis after a dispute resulted in a change in Baptist Convention control from American Baptist to fundamentalist Minnesota Baptist, the Academy was abruptly closed and reconstituted as a 4-year biblical arts college, Pillsbury Baptist Bible College.
Enrollment at the school had dropped from a high of about 800 in the 1970s to 142 in its final semester. Pillsbury announced in October 2008 that it would permanently close at the end of the year and that it’s campus would be sold. The college closed on December 31, 2008.
Students who attended Pillsbury Baptist Bible College may be finding it hard to pay off their student loans. Colleges that close abruptly generally create a panic amongst former students, some even going as far as to speculate predatory lending practices. Thankfully, Obama’s student loan forgiveness is available.
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.
Goodbye Loans 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 private student loans.
Because forgiveness applications can be so complex, services like Goodbye Loans provide a badly needed service to the thousands of Americans suffering from crippling, and in some cases unjust, student loans. Goodbye Loans’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 Goodbye Loans entering the market place, it will be interesting to see what can be done about the national student loan debt, as well as the current lending practices of colleges like Pillsbury Baptist Bible College, accused by students of predatory practices and facing increasing transparency.