TAMPA, Fla. — Hundreds of college students are now trying to figure out where they will continue their education.
- Argosy University, a for-profit school, is closing
- School accused of misusing federal student funding
Argosy University is shutting its doors permanently after the federal government pulled student loan funding alleging misuse.
Argosy University is a for-profit university with campuses across the country. A new management company took over the school in 2017, and last week, the Department of Education stopped issuing student loan funds to the school amid reports of mismanagement.
"There were some things that we were not aware of that were being done at a higher level," said counseling and psychology professor Linda Thompson. "Everybody is working really hard. The Department of Education, our administration, to make sure that the students can as seamlessly as possible continue their education."
Now, with the school closing permanently, students are left with little options on what to do next.
Jaron Bradley, a doctoral student, spent between $60,000 to $70,000 toward his PhD in Organizational Leadership. His credits may not be transferable to another university, unless it's a for-profit institution.
"I really feel as a student I've been scammed throughout the duration of me trying to get this degree," Bradley said. "It puts a lot of students in a precarious situation with really no hope."
Right now there are very few answers for students on the university's website. However, it advises people they are no longer taking students and if you are alumnus you can visit another website for additional information.