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Argosy University was a system of for-profit colleges 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.
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Founded. 1882. Final issue. 2016. Argosy was an American magazine, founded in 1882 as The Golden Argosy, a children's weekly, edited by Frank Munsey and published by E. G. Rideout. Munsey took over as publisher when Rideout went bankrupt in 1883, and after many struggles made the magazine profitable. He shortened the title to The Argosy in 1888 ...
In 2004, Argosy was acquired by Penn National Gaming (now Penn Entertainment). In June 2009, Penn National unveiled a much larger riverboat with a passenger capacity of nearly 9,000 guests and 4,400 gaming positions. The new boat also marked the changeover from the Argosy name to Penn National's primary brand, Hollywood Casino.
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In 2022, the EDMC schools Argosy University, The Art Institutes, Brown Mackie College, and South University were among 153 institutions included in student loan cancellation due to alleged fraud. The class action was brought by a group of more than 200,000 student borrowers, assisted by the Project on Predatory Student Lending, part of the ...