2 For-Profit Colleges Will Close Their Doors

Globe University and the Minnesota School of Business, two for-profit education providers with shared ownership, have announced that they are closing their campus in Minnesota.

“It is our goal to make sure students have options to complete their degree with us or transfer credits to another accredited institution,” said a statement on Globe’s website.

Globe said it would close its South Dakota and Wisconsin branches on December 31 and transfer them to Broadview University, a for-profit institution, “for teach-out purposes.”

The business school is to stay open through January. Students enrolled in the nursing program will be able to transfer to Concordia University of St. Paul, the announcement said.

Globe and the Minnesota School of Business were denied access to federal student-aid funds this month by the U.S. Department of Education. The department said they had committed fraud with Title IV funding and “knowingly misrepresented” transfer eligibility for their criminal-justice programs.