I Got Screwed at Argosy University and Now Not Happy With South University

Question: Dear Steve, My enrollment for college stemmed from filling out online job applications for numerous attempts to gaining employment. I was bombarded by college recruiters and eventually signed up with Argosy University online. I was still attending Argosy at the time they closed and then was talked into transferring to South University online as … Read more

The People Who Get Hurt the Most are Students and Faculty in University Failures

Reading through the latest public court documents regarding the failure of Argosy University is nothing but sad, disappointing, and predictable. To get caught up on past Argosy University posts, click here. The Dream Center Foundation (DCF) is a Christian based non-profit group that says its goal is “Transforming Lives.” Nailed it! DCF formed Dream Center … Read more

Department of Education Missing Money for Art Institutes and Argosy University Students

Just yesterday I recorded this ridiculous podcast (not for faint-hearted ears) about the financial mess with Argosy University and Art Institute campuses. Damon Day and I talked about the “missing money” that students were expecting to receive from their federal student loans to help pay for everyday expenses like rent, mortgage, food. The Department of … Read more

Dept of Ed Loan Servicers Suck – Argosy U Swirling Toilet – Car Loans Go Bad

On this podcast, Damon Day and I produce another low rent show, this time about the recent information out from the Department of Education Inspector General. The report released found the Department of Education was doing a poor job keep federal student loan servicers in line. The report stated, “By not holding servicers accountable for … Read more

Another For-Profit School Swirls the Toilet Bowl. Argosy University Next to Vanish?

Yesterday I wrote about how the Department of Education was going to forgive money missing from Argosy University that was supposed to have been distributed to students from their federal financial aid. This money would be used by students for silly things like rent, food, books, etc. Well, it turns out Mark Dottore, the court-appointed … Read more

Department of Education Does a Good Thing Almost, Sort Of, Kind Of

The Washington Post is reporting the Department of Education stepped up to help students caught in the missing money crosshairs of missing financial aid given to Argosy University. It seems when Dream Center Education Holdings acquired Argosy University, South University, and Art Institute campuses they tried hard to turn the ship around. Dream Center is … Read more

What Can I Do With My Art Institutes and Argosy University Private Student Loans? – Robyn

Question: Dear Steve, I have 2 private loans with Navient that is a result of extremely high tuition fees from a “for profit” college. I attended the Art Institute, part of the EDMC and Argosy for profit schools, which have recently closed down 15 of their campuses nationwide. Of course, my campus is not one … Read more

Student Loan Debt: The Next Subprime Bubble to Burst?

I just finished watching the Frontline PBS show College, Inc. about for-profit education and the resulting student loan debt. It was estimated that students in for-profit colleges will graduate with double the amount of student loan debt as compared to a traditional university. The default rate was alarming as well. For-profit colleges account for 10% … Read more