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Mar. 1—ATLANTA — Attorney General Chris Carr has announced that the state of Georgia has joined a multistate settlement agreement with the entities controlling Argosy University student debt.
Argosy University was a private for-profit university with campuses throughout the United States owned by Dream Center Education Holdings (DCEH), LLC and Education Management Corporation. On February 27, 2019, the U.S. Department of Education stated that they were cutting off federal funding to Argosy University. [ 2 ]
In 2022, the EDMC schools Argosy University, The Art Institutes, Brown Mackie College, and South University were among 153 institutions included in student loan cancellation due to alleged fraud. The class action was brought by a group of more than 200,000 student borrowers, assisted by the Project on Predatory Student Lending, part of the ...
The process of introducing a consent decree begins with negotiation. [5] One of three things happens: a lawsuit is filed and the parties concerned reach an agreement prior to adjudication of the contested issues; a lawsuit is filed and actively contested, and the parties reach an agreement after the court has ruled on some issues; or the parties settle their dispute prior to the filing of a ...
Despite agreeing to a $25m settlement after the New York Attorney General accused Trump University of deception and fraud, former President Donald Trump has floated a plan to launch a new ...
Nelson was CEO of Education Management (EDMC) from 2007 to 2015, bringing several Apollo Group executives to the company. EDMC's schools included the Art Institutes, Argosy University, Brown Mackie College, and South University. During his time at EDMC, the company grew into the second largest US for-profit college chain and faced allegations ...
Multiple Art Institute campuses in California shuttered by the end of 2019, including one in Sacramento.
In 2018 and 2019, Dream Center Education Holdings began closing and selling off schools of the Art Institutes, Argosy University, and South University. [92] In 2019, Argosy University closed. USA Today portrayed the school's collapse as part of a trend, highlighting the losses of other for-profit colleges, including Brightwood College (2018 ...