Argosy University, in federal receivership, faces demand from accrediting agency – Tampa Bay Times
Argosy offers a wide range of bachelor’s, master’s and doctorate degrees and has an enrollment of about 450 students at its Tampa campus, 85 percent of them adult learners and working professionals age 25 to 64.
Argosy University, with an enrollment of 450 and an iconic cigar-factory campus off Interstate 275 in Tampa, has been ordered to explain whether it can stay afloat financially or face the loss of its accreditation.
Students still are attending classes at the Tampa campus of the California-based school, which has operations coast to coast, but Argosy officials must meet in the next 90 days with their accrediting agency, WASC Senior College and University Commission, according to a letter from the commission.
The demand comes on the heels of federal court action in Ohio, where Argosy — along with South University and their parent company, Dream Center — has been placed in federal receivership in connection with more than a quarter-million debt owed to one creditor and more than $100,000 in debt to others, according to documents filed Jan. 18.