Loan Forgiveness – Sanford Brown College and Institution Closing Its Doors

Sanford Brown College and Institution Closing Its Doors

As you may have heard by now, if you are a student attending any one of the Sanford-Brown Institutes or Sanford-Brown Colleges, your educational and even financial future could be looking cloudy. With the Career Education Corporation’s (CECO) recent announcements, this could mean that many students will be left hanging, shrugging their shoulders and wondering what to do next- that is, now that their college essentially doesn’t exist anymore…

But don’t panic yet… I will go over why in just a minute.

You can read the full press release here, straight from the Career Education Corporation. If you’d rather not, we did that for you and below we’ve provided a short summary along with what this could mean for the attending students of the College or Institution.

Last night, Sanford-Brown’s parent company, Career Education Corporation, announced their new strategy to point its resources and its focus specifically towards their regionally accredited Universities, which consists of Colorado Technical University (CTU) and American InterContinental University (AIU).

In order to help this re-focusing strategy, a teach-out process or discontinuation of Sanford Brown ground campuses and online programs has been called into action effective immediately.

This means that Sanford-Brown’s doors will slowly shut rather than slamming shut on students, faculty and staff.

But when it comes to those directly impacted…is there really a difference?

The Career Education Corporation released a full statement about their decision to move forward with a teach-out route, implying that a teach-out will “minimize the potential negative impacts on faculty, students and staff members.”

The teach-out will go into effect immediately over the 14 different Sanford-Brown Colleges, including Sanford-Brown online. Many of the full-time employees and students who have grown to trust the Institution, have already been released of their positions leaving students with more questions than answers.

The full teach-out or discontinuation of the institutions and colleges will take anywhere from 18 months to 3 years–yet there’s the lingering thought of how many students will truly stick with them when campus class offerings are cut due to limited resources and scheduling?

So what does the Sanford-Brown Teach Out Mean for Students?

Over 30,000 students are enrolled in the Sanford-Brown College Online division alone, but the Sanford-Brown group still holds 13 other properties in major cities across the United States, as well as 3 different Institutions. While the students that are about to graduate within the next year or so, may not see the change affect them as much, most students currently enrolled in the college or institution will.

Feel any better yet?

Some of you might…unfortunately, a larger majority are left feeling blindsided…abandoned…angry.

The teach-out of some Sanford-Brown Colleges or Institutions could be complete within the next year and half, if not less. For many students, that is only a mere portion of what they will need for a full college term in order to earn their degree. When the College and Institution’s doors do close on these students, what are they going to do…?

While Sanford-Brown campuses provide students with an array of programs, they come at a hefty price tag.  Students who attend Sanford-Brown accumulate an average of $65-$85K in student loan debt. This debt range is 2-3 times the cost of attending a public college or university. No doubt, the debt average of Sanford-Brown attendees is so high because it is a private, career-focused college.

If students don’t either seek a different way to get their degree or drop out completely, the underclassmen at Sanford-Brown campuses will undoubtedly continue to utilize federal student loan money, while inevitably being served a swift kick out the door.

Master Your Student Loan Debt.

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Where will these students turn considering the people they grew to trust started to disappear from campus over a year ago and have continued through the announcement yesterday?

Many of the students impacted by this decision will have trouble finding employment in their niche field, either because they would not have finished their degree or because of the negative press this decision will have on how their degree is viewed by employers.

Yet, most students will be forced into repayment on their student loans if they drop less than half time and/or choose to discontinue their education during the “teach out process” regardless of whether or not they can afford to do so. They may find that many of their credits will not transfer to other colleges and feel trapped to accumulate more student loan debt.

Students have felt or already feel as though they don’t have to repay the loans because the school is closing…but in reality…they do and will have to start paying them back right away.

So what options do the students who are feeling angry, abandoned, helpless have at this moment?

There is help to uncover the options available. Options which include lowering your student loan payment and portions of your loans being forgiven. While Sanford-Brown may have left their students feeling stranded and helpless, there are choices those students can make to get to where they want to be in their educational and financial future. Call us at (844) 692-6684 to see if you qualify for loan forgiveness.

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20 replies
  1. Donna Brown
    Donna Brown says:

    I’m stuck with a loan I can’t repay…also I never got my certificate in dialysis tech training plus my schooling isn’t any good here in Ohio! They said it was but the state board of nursing said I had to go back to school for 6 more months!

    Reply
  2. Elnora Harmon
    Elnora Harmon says:

    I graduated from Sanford Brown about 5 years ago and my resume’ points have gone down. Absolutely no hospital would even consider me after seeing my credentials. My choice of schooling to say the least was totally wrong for my career. To make matters worse I had to take out 2 loans to graduate with my field of choice. Big waste of my time and money and still not employed.

    Reply
    • admin
      admin says:

      Sorry to hear all that, hopefully we may be able to help. Give us a ring at 855-771-4500 to see what programs can help your case out.

      Reply
  3. Brad Mosquito (Richard Grindstaff)
    Brad Mosquito (Richard Grindstaff) says:

    I Graduated from Sanford Brown College in 2004 i started a job right after i graduated from sanford brown but it was nothing to brag about. It started at 10.00 an hour. No biggy this day and age. I thought for sure that i would have a good paying job. So much for that. I started back with sanford brown and drove an hour and a half to go back. What a joke after 6 weeks. I quit going, because i seen that it was a waste of my time. I knew i was at a standstill and still nothing to show for! But having all this debt to repay now. What a joke my life is and an embarrassment. I am at a total different job and all the colleges twll me that i have to start over in school from day one. No one accepts my credits for any of my schooling.

    Reply
  4. Felina Stanley
    Felina Stanley says:

    I graduated from Sandford brown a few years ago and I didn’t learn anything in school except the teachers problems and didn’t get the proper teaching I cant get a job in my field because I didn’t learn anything the teachers were also out ofthe class more than in the class I was also told they would help us get a job that wasnt true and they lie about everything to get you to sign up. Waste of time and now I have loans I cant pay I think the school should be responsible for it

    Reply
  5. Martha Heitert
    Martha Heitert says:

    I am stuck with substantial debt from attending this school… Never received any help with career placement, and when I went looking on my own no one would hire me because I went to sandford-brown. I am currently in danger of default on my student loans because I can’t afford to repay them. I AM SO UPSET! I wanted a career not a SCAM. If anyone knows a way to help on loan forgiveness please let me know.. 2004 graduate here

    Reply
  6. terresa hastings
    terresa hastings says:

    I was supposed to graduate in 2004. When they changed from Ultrasound Diagnostics, to Sanford Brown. I never got any type of notification, and could never get work. Then ended up on dialysis. That student loan paid for a business to give me nothing in return.

    Reply
  7. Renee
    Renee says:

    I have called and called now for weeks. No one ever answers and the voice mail box is full. I am trying to talk with someone about my current situation and can’t get ahold of anyone.

    Reply
    • admin
      admin says:

      We are very sorry for the inconvenience, due to high call volume we’ve been experiencing difficulties catering all our clients. Please try giving us a call again. (844) 692-6684

      Reply
  8. terry
    terry says:

    I graduated from Sanford-Brown Institute in NYC . Geesh this is horrible after you graduate and take out loans only to find out they are no good . Sad now what can i do about all the loans i have to pay back for a school that will be no longer in existence , Sad just sad

    Reply
    • admin
      admin says:

      Give us a call to see how we can assist you and to see if you meet the requirements to enroll into a federal forgiveness program. (844) 692-6684

      Reply
  9. Courtney Brown
    Courtney Brown says:

    I don’t know how to go about this? Am I too late? I owe so much from that year I am in a lot of debt because I could not get in to any good jobs so I’m stuck in retail which is what I was trying to get out of.

    Reply

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