Currently, I am a distress student because Argosy University has not dispersed my financial aid and my alumni scholarship, No one can give me and answer with a solution. I was told that Dream Center Education Holdings,LLC the parent company of Argosy hired a 3rd party to mediate on behalf of Argosy to the Department of Education to pay Argosy 13 million dollars owed to Argosy used to disperse student financial aid. The first response I received from student services is that because the government workers was closed the month of January caused a backup of processing paperwork, I have written a letter Chancellor who no longer works for Argosy. I wrote a letter and left several messages to Director of Financial aid and got no response. I must pay my bills but can't because of this issues. I left a message with the 3rd party mediator who has yet to response. My next step is to write Diane Jones,the department of education principle deputy. Calling FAFSA is useless. They don't have answers. I am demanding a response.
3 replies (most recent on top)
Stay until the end of the quarter, get your transcripts while you can, then never go back. If they can’t make payroll unless they use student stipends, how much longer do you think they can keep the whole deal going? It’s now a Ponzi scheme...
You and the other ~40,000 Students who are awaiting their stipends, which includes myself. We know as just as much as you do currently.
Long story short: The funds were used for payroll and payouts because DCEH/Argosy didn't have the cash to begin with. Payroll was for Staff & Faculty. Albeit the payouts were excessive to those who got them.
I will stress this. There is NO solution to get our stipends any quicker. It's out of our hands, unless you want to cause a scene and protest or leave the school. Which if people take that lead, will just make things worse for students who literally have one more quarter and just want to finish and get done. (Myself again and many others.) Because the more students who leave, the more reason they'll shut down all the schools.
I can see the other side of this and that maybe you should leave and transfer while it's still available, but then again.
Catch 22. Damn'd if you do, Damn'd if you don't.
My advice, keep going to your classes, go part time if you have to. If you haven't already, try to get a job or 2nd job or even do some freelancing to help pay the bills. You shouldn't AT ALL heavily rely on any college loan/return to pay your bills. It's a privilege to have them and not a right.
Luckily for my situation I have enough just to pay rent and some groceries through my own means.
Best of luck, and please do not be aggressive to any Staff or Faculty about this situation. They don't control anything and will tell you if they knew. It's all corporate.
I used to work for DCEH, the line they fed you about the Govenrment being closed is BS, no body is returning your calls because nobody has any idea what to say because things are sinking. Phoenix is closed, the online office in Pittsburgh let the entire admissions staff go, the only ones left are 10 finance counselors and 10 academic counselors (I used to work in the Pittsburgh office, one of the 20 people left I still speak with which is how I know this) my advice is to do some research and get out while you can if that is an option.