Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
Alex Friedrich

MN AG: Globe U. pushed high-cost loans, misled students on job hopes

Go Deeper.

Create an account or log in to save stories.

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Lori Swanson
Minnesota Attorney General Lori Swanson has expanded on allegations the Woodbury-based schools inflated the job placement rates of graduates.
Jim Mone | AP 2014

Updated 3:10 p.m. | Posted 2:06 p.m.

State Attorney General Lori Swanson on Friday added new allegations to her lawsuit against two for-profit schools in Minnesota.

Globe University and Minnesota School of Business, she said, made thousands of illegal, unlicensed student loans charging "staggering" interest rates as high as 18 percent and misled or failed to adequately tell students about their loan obligations.

"Students are telling us one after the other that they were rushed through financial aid, they were just asked to sign a bunch of forms, that the loans weren't really explained to them, they didn't understand," Swanson said.

She also expanded on allegations the Woodbury-based schools inflated the job placement rates of graduates.

"To convince students to enroll in their programs," she wrote in the complaint, the schools "have inflated their graduate job placement rates by counting students as 'placed' for jobs that require no college education, jobs that students held before enrolling, and jobs for which students indicated that they were not otherwise using their degrees."

The accusations are in addition to those filed in July alleging that the schools misled prospective students about the jobs they could land after graduation.

In a statement, Globe University and Minnesota School of Business denied Swanson's claims.

We continue to express our desire to come to an amicable resolution with the attorney general," the schools said. "Unfortunately, up to this point, rather than working with us toward a resolution, the attorney general appears to be continuing to solicit publicity for her own political agenda."