February 15, 2019
Update on Stipend Funds
OHE has received notice that students attending Argosy University that have been waiting for their federal financial aid refunds will not be receiving those funds to be used for critical living expenses like rent, food, and transportation. The US Department of Education will be discharging amounts owed to students on federal loans and re-setting lifetime Pell eligibility. While this step helps students in the long-run, it does not help students pay the bills they have today.
On February 15, 2019, OHE notified Argosy University that it classifies the schools in teach-out and that no new enrollments are permitted at the Eagan, MN campus or Minnesota residents into the online campuses. OHE also is seeking all out-standing refunds of MN SELF Loans be made to students by February 22, 2019. If that validation is not made, OHE will take steps to ensure Minnesota tax-payer funded aid programs are paid directly to students and make a bond claim of the SELF Loan funds to refund students.