Tampa, Fla. (WFLA) -Argosy University students in Tampa and across the country may have to find a new school and are bracing for their campus to possibly close as early as Friday.
Students at Tampa’s campus received an email from the university president saying that unless a qualified buyer steps in, or another university comes on board to teach students, the campuses will close.
This disappointing news for students comes after months of financial struggles and missing financial aid money that the U.S. Department of Education sent the school. That money – at least $13 million – was supposed to be passed along to students, but it wasn’t.
Tampa students turned to Better Call Behnken for help getting answers and say they can’t pay their bills.
According to the email from Argosy’s president, If someone buys a campus, that campus’ students would be able to continue their studies “without interruption.” A transfer partner would also allow students to continue their studies.
The campuses will close without these options, the emails say.
“Should the campus close, we would work with our accreditors, state regulators and the U.S. Department of Education to provide options for our students.”
Argosy’s parent company, Dream Center Education Holdings, couldn’t pay its creditors, so a federal court in Ohio appointed a receiver. The U.S. Departement of Education revoked the school’s eligibility to use federal aid programs
- Argosy University students waiting for more than $9 million in federal aid
- Argosy University troubles deepen as students struggle without millions in federal aid
- Congress members demand action on Argosy University after students’ money is misused
- Argosy students didn’t get stipends again, lose hope that the government will step in
- Congress members want federal investigation into students’ missing money at Argosy University