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argosy.edu. Argosy University was a private for-profit university with campuses throughout the United States owned by Dream Center Education Holdings (DCEH), LLC and Education Management Corporation. On February 27, 2019, the U.S. Department of Education stated that they were cutting off federal funding to Argosy University. [2]
In December 2016, the Southern Association of Colleges and Schools (SACS) announced that nine Art Institute campuses and all 15 South University campuses were placed on probation. [55] EDMC has faced significant financial problems, including a 99.9% drop in the value of its stock and a defaulted bond rating (to junk bond status). [4]
Mar. 1—ATLANTA — Attorney General Chris Carr has announced that the state of Georgia has joined a multistate settlement agreement with the entities controlling Argosy University student debt.
Georgia ranked 30th in the nation for educational performance, according to Education Week 's Quality Counts 2018 report. The state had earned an overall score of 73.0 out of 100 points. On average, the nation received a score of 75.2; meaning the state ranked slightly below average. [8]
The Biden administration is erasing $6.1 billion in federal student debt for 317,000 former attendees of The Art Institutes, a defunct for-profit chain of art colleges, officials announced ...
In 2022, South University separated from the Education Principle Foundation and, by extension, the Art Institutes. [5] The Art Institutes faced accreditation and legal issues and student loan debtors have appealed to the US Department of Education for debt cancellation through defense to repayment claims. These efforts are premised on ...
DCEH was the parent company of the Art Institutes, Argosy University, and South University. [73] The National Student Clearinghouse reported that their for-profit college enrollment numbers for Fall 2018 had declined 15.1 percent from Fall 2017. [74] In 2019, Argosy University closed all of its campuses.
In 2019, Argosy University closed. USA Today portrayed the school's collapse as part of a trend, highlighting the losses of other for-profit colleges, including Brightwood College (2018), Vatterott College (2018), and Virginia College (2018). [93] [90] In 2019, Betsy DeVos was criticized for allowing five failing for-profit colleges to avoid ...