Hundreds of Argosy University students in the DMV left in limbo after school’s sudden closure – WUSA9
Nearly 500 students in the DMV area are in limbo after Argosy University’s NOVA campus shut down this month.
Hundreds of students at Argosy University’s Northern Virginia campus were left in the lurch by the school’s sudden closure earlier this month – and now other colleges are scrambling to help them complete their programs.
The students are among thousands nationwide affected by Argosy closing the doors of the for-profit college in response to the U.S. Department of Education banning it from participating in federal student aid programs. The federal government says Argosy failed to repay students $13 million-worth student loans that should have gone to them after their tuition was paid for.
Argosy’s schools went into receivership earlier this month after their owner, Los Angeles-based Dream Center Education Holdings, was unable to find a buyer.
Dream Center acquired the Argosy network of schools, along with the Art Institutes and South University – all for-profit colleges – from Education Management Corporation in 2017 after approval of the deal by Secretary of Education Betsy DeVos. The Art Institutes announced the sudden closure of 18 campuses around the country last year due to financial troubles and plans to close more campuses in 2019.