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Missing Federal Aid Payments
Inside Higher Ed: Argosy University has failed to distribute nearly $16.3 million in federal aid to thousands of its students.
And chances are the students won’t get the money, according to financial aid and education experts.
The unusual problem escalated last week, when the U.S. Department of Education suspended Argosy and some Art Institutes campuses, which are owned by the nonprofit Dream Center Education Holdings, from receiving federal aid. The department also denied Argosy’s request to change its tax status to nonprofit.
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