Fashion Students Struggle
The college was founded in 1939 by Maxwell F. Marcuse as the Laboratory Institute of Merchandising, at the request of retailers who wanted a school that would teach students about the fashion business and merchandising. Maxwell Marcuse’s son, Adrian G. Marcuse, was president from 1972 to 2002, succeeded by Elizabeth S. Marcuse. In 2009, the school changed its name to LIM College.
Unfortunately for students of the school, usually it isn’t such a sweet story of success. LIM College has been the source of countless consumer complaints from past students over the years. This has earned LIM College the reputation of being among the top 25 worst for-profit schools in the nation. Luckily for you, new programs ensure that you can get loan forgiveness if you are a victim to LIM College.
Top Student Complaints for LIM College – most students agree that LIM College was a poor choice for their higher education experience, and here’s why.
#1 High pressure predatory loans – They accuse LIM College rushing prospective students through the lending process with high pressure and pushy tactics. Many didn’t know they had even taken out loans until they were past due and collections activity had begun.
#2 Non-transferable credits – Ah, to work so hard, and realize that your credits are worthless LIM College are accredited through an organization that specializes in accrediting private schools. This is not good and, in a way, could be construed as not being accredited at all since credits typically won’t transfer to most other schools, leaving students with few (or no) options.
#3 Overly ambitious job placement – Students come to LIM College with dreams of being the next greatest fashionista or fashion mogul. Unfortunately those pipe dreams are part of the schools marketing programs.
At Goodbye Loans, we specialize in assisting students from for-profit colleges such as Southwestern University of Visual Arts with their federal and private student loans. With the current job market and economy, we realize how difficult it can be to stay on top of your debt, especially if you took on the high tuition from a for-profit college.
STUDENT LOAN FORGIVENESS
Student loan debt has reached an all-time high, and according to the Consumer Financial Protection Bureau, the total amounts to around $1.4 trillion. Goodbye Loans can help determine if you qualify for the student loan forgiveness as a result of attending LIM College.
Goodbye Loans matches thousands of graduates with federal programs that are offered by The Department of Education to consolidate and lower their current Federal student loans. We help you take advantage of the latest regulations put in place by Congress and President Obama and potentially save thousands of dollars. Debt is hard to ignore. When you’re staring down a ballooning credit card balance and fending off insistent phone calls from angry creditors, it can be an all-consuming enemy.