Globe University & Minnesota School of Business Statement on Financial Aid Decision

This is a sad day for two long-standing private institutions. Globe University (founded in 1885) and Minnesota School of Business (founded in 1877) will lose federal funding at the end of the year.

The decision made on Tuesday, Dec. 6, continues the destructive actions taken by Minnesota Attorney General Lori Swanson and the Obama Administration against career-focused institutions. In September, Globe and MSB were found to have unintentionally misled a fraction of students in our Minnesota criminal justice program. The program was discontinued in 2014 and represented less than four percent of the student body. We are waiting for the Court to issue its final decision.

It’s unfortunate that the Attorney General and the Department of Education decided to sanction the schools in their entirety. Instead of helping students in one program, their actions will eliminate options and tarnish the degrees of thousands of graduates.

In the meantime, students will remain our No. 1 priority. We have been and will continue working with other institutions to help them transfer their credits and continue their education.

-Jeff Myhre, Chief Communications Officer, and the Myhre family.