Financial Aid Discharge Program
The Argosy University claims that its decision to settle out of court is the result of a carefully considered process which has now been vindicated by the court. Argosy University claims that it followed the appropriate procedures in determining the status of its students and that it did not commit any mistakes in doing so. The settlement involves the repayment of tuition loans and other charges accrued during the students’ time at Argosy University.
Argosy University has settled with the Federal government to settle claims concerning the college’s acceptance of its students who applied for federal student loans, which later proved to be incorrect. The Argosy University cases began in fall 2021 by students claiming that the college misled them regarding the granting of its accreditation by the APA. They claimed that even before they had graduated, the college could not conclude the accrediting process due to a lack of adequate documentation.
The Argosy University settlement also involved a plan to resolve the claims with the Department of Education. Under the terms of the agreement, the Argosy University will repay all federal student loans and the department will forgive any other debts that the student may have. The department is required to inform all applicants that they cannot pursue the option of repayment if they qualify for the argosy discharge program. The Argosy discharge program is available for those students who have an undergraduate GPA below a specific minimum level. The minimum level is set by the Department of Education each year.
The Department of Education will only allow the students to pursue this alternative if they can show that they met some other conditions required by the program called Hasty Financial Aid. These conditions require that a student have full time employment, can demonstrate proof of having saved up money and have a low income. The program is also only available for students who have not enrolled in any other accredited programs at the same university or any other accredited educational facility in the country. In addition, the student must not be an irresponsible borrower.
The Argosy University lawsuit also involves a plan to compensate former students in part by allowing them to take a retainer from the Argosy University Foundation in exchange for a percentage of any future tuition revenue. The foundation will use the funds to help students who were affected by the college’s negligent actions. In addition, the Argosy University Foundation will contribute five percent of any future tuition revenues to a scholarship fund. However, the foundation will only accept applicants who agree to pay for the retainer. Existing students are not eligible for the scholarship.
The government’s plans to assist struggling graduates and undergraduates in getting back to school does have one big condition, however. Students whose families qualify for financial aid – regardless of their earnings – will not receive forgiveness of their loans if they choose to go back to school. This means that some students whose families make too much to qualify for subsidized loans will lose their federal loans. The repayment terms will be the same as those of unsubsidized loans. The only difference is that repayment terms cannot exceed ten years.
Argosy University is currently undergoing the Argosy University Review process. As part of this accreditation process, the college must prove that it meets all of the standards of a quality, research-based university. If the university has not received an award from a national university accreditation body or if it has failed to meet the minimum standards required by state law, it is removed from its listing and may not participate in the federal student loan program in the future. Argosy’s parent company, American Intercontinental University, is still in good standing and was removed from the college’s listing.
If you qualify for Argosy University Financial Aid and find that you do qualify for tuition assistance because your parents are unable to afford to pay the tuition, you are not obligated to repay any of your loans until you complete your education. Students in this situation are typically allowed to complete their education using a “discharge program.” A discharge program allows a student to enter repayment with no student loans while the college and Argosy University take care of the debt. After you have successfully completed your education, you will be able to submit an application to the Argosy University Student Aid Department for a refund of your federal student loans.