EXHIBIT 10.34 SECOND AMENDMENT TO LOAN AGREEMENT THIS SECOND AMENDMENT to the Loan Agreement, ("Amendment") dated August 2, 1997, is by and between Bank One Colorado NA ("Lender"), and Colorado Technical University, Inc., A Colorado Corporation...

                                                                  EXHIBIT 10.34

                       SECOND AMENDMENT TO LOAN AGREEMENT

         THIS SECOND AMENDMENT to the Loan Agreement, ("Amendment") dated August
2, 1997,  is by and  between  Bank One  Colorado  NA  ("Lender"),  and  Colorado
Technical University, Inc., A Colorado Corporation ("Borrower").

                                    RECITALS

         NOW,  THEREFORE,  in  consideration  of the  Loan  and  other  good and
valuable  consideration,  the  receipt  and  sufficiency  of  which  are  hereby
acknowledged, Borrower agrees to the following Amendment:

         An  additional  $200,000.00  loan for the  purchase  of  equipment  and
vehicles  dated February 20, 1997, has been made. All other terms and conditions
shall remain the same.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of this 24th day of February, 1997.

BORROWER:                                 GUARANTOR:

Colorado Technical University, Inc.,      MDJB, Inc.
A Colorado Corporation                    A Delaware Corporation

By: /S/ ▇▇▇▇▇ ▇. ▇'▇▇▇▇▇▇▇                By: /S/ ▇▇▇▇▇ ▇. ▇'▇▇▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇'▇▇▇▇▇▇▇, President             ▇▇▇▇▇ ▇. ▇'▇▇▇▇▇▇▇, President
and Chairman of the Board

LENDER:

Bank One Colorado, N.A.


By: /S/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
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      ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
      Vice President