Mactech Shutting Down
North Sydney-based Mactech Distance Education is closing its doors after being in operation for at least 27 years.
The private business college came under scrutiny in June when there where reports it had one of the worst student loan repayment rates in the country.
A Mactech spokesperson won’t comment on the situation.
However, the Department of Advanced Education says Mactech quietly informed officials it made a “private business decision” and will be shutting down once the current group of students complete their courses.
About 36 people will lose their jobs when Mactech shuts down in June of next year.
Advanced Education Minister Kelly Regan says the province was closely monitoring Mactech and would likely have pulled student loan funding if things did not improve.