According to the Chicago Sun-Times, that “Argosy’s president, [in early March 2019] sent an email saying the U.S. Department of Education had ended the school’s participation in the federal government’s student financial assistance program. That likely meant Argosy would close by week’s end, Beaver wrote — and it did.” It was further reported that, “Argosy’s parent company, Dream Center Education Holdings, couldn’t pay its creditors, a federal court in Ohio appointed a receiver. In February, The Arizona Republic revealed that thousands of Argosy students across the country had not been paid nearly $13 million in financial aid funds they were owed.” The article further stated that, “[i]t’s not clear when or how Argosy’s Chicago students will be reimbursed for spring semester funds. The little information Argosy has provided students focused on loan forgiveness”
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