Argosy University closed: What next? Gather all of your college loan documents together. If you’re unsure, locate your transcript from the National Student Loan Data System. This system tells you who your original loan processors were and what loans you’ve consolidated. Now, obtain your official educational records as well as any student loans that you still owe.
To settle your Argosy University loans, contact your lender. They may either accept repayment of the balances in full or require repayment based on your discretionary income. Once you receive written permission from your lender, you will be required to repay the amounts in full or on a selective schedule. This is the standard process for most other private universities that participate in the federal student debt relief program.
Argosy University is not among these universities. Although they may participate in the program, it does not entitle borrowers to any form of forgiveness. Borrowers who are enrolled at Argosy University are encouraged to pursue other means of debt relief. As the government does not support the Argosy University system, the university does not have the funds to continue operating.
When does a university close? Argosy University was closed on July 10th, 2021. This school employed nearly 500 people, including many faculty members. Several other independent colleges located on the Argosy University campuses also closed down. All of the schools that were shut down were located on campus.
Students who earned an associate degree from Argosy University are able to pursue employment in several locations. Students who wish to teach in Argosy University’s Education Department can apply to become a teaching assistant. There are limitations on how many grants are available for this position. The same holds true for those wishing to become a paralegal. Paralegals must obtain a master’s degree in order to apply for the position of a full-time paralegal. The details of the student loan forgiveness program are still being refined, so for now, it appears that Argosy students will not be eligible for any Argosy University employee benefits such as teacher loans or student loans with forgive-the-payments.
Some Argosy students are worried about the future of their educational pursuits at Argosy University. One of the problems facing Argosy University is the diminishing number of students who are paying their student loans. Federal loans and the grants that are offered by the government have become more difficult to receive. On top of this, there is an increase in the cost of everything college related. For these reasons, there is a great deal of worry and anxiety among many Argosy University graduates about what to do with their educational loans once they leave the school.
Student loan forgiveness programs are available to graduates who left Argosy University before it became closed. This program provides up to $6 million in student loan forgiveness, so it will provide an excellent incentive for current and former students to return to Argosy University and pursue their educational goals. This measure of success may be enough to encourage some Argosy University graduates to return to the school to earn their graduate degrees.
In light of the fact that Argosy University was forced to close its doors for financial reasons, the board of regents has taken an excellent action to correct the problems at Argosy University. It has been revealed that the board has formed a committee to begin the process of hiring a new president and a new leadership team. Graduates and current students can have their voices heard and have their opportunities to be heard by the new administration. Graduates can also join the committee and help shape the direction of Argosy University. These changes are expected to take place over the next two to three months.