Students at the embattled Argosy University Tampa campus are scrambling to find new schools and obtain transcripts, as the school is set to close its doors Friday.
This comes after the school and its parent company, which operates 11 Argosy campuses across the country, failed to fork over $13 million in federal aid to students. Tampa students started calling Better Call Behnken for help in January, saying they needed the money to pay living expenses.
A court-appointed receiver told us the money was used by the parent company to make payroll, though some public and government officials have questioned that and demanded a full accounting of the funds.
Students at Tampa’s campus, and others across the country, received an email Wednesday evening 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.
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.
The school told students they will assist in transferring to another school, but the outlook is unclear.
Students told Better Call Behnken that representatives from National Louis University, which has a Tampa campus, met with students Thursday and offered to take on Argosy students and even some faculty.
What that would mean for credit hours, especially for those who were set to graduate in the spring, remains uncertain.
- 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