March 06, 2019 09:59 PM
Argosy University, Twin Cities has sent a letter to students saying it's at risk of closing this Friday.
In a letter obtained by 5 EYEWITNESS NEWS, Argosy said it's "partnering with other schools and organizations to provide resources to help students make and informed decision," and said it'll host informational fairs on campus on Thursday and Friday.
Argosy says the Department of Education decided to end its participation in student federal financial assistance programs, and due to financial constraints from the decision, the school is "at risk of closure this Friday, March 8."
At this time, it's still unclear if the school will actually close on Friday, and what options students would have.
Argosy's letter says campus operations could continue if a buyer acquires the campus, credits may be able to be transferred in some situations or, for students not wanting to continue their educational program, the Department of Education could provide them with the opportunity to apply for a closed school loan discharge.
5 EYEWITNESS NEWS has reached out to Argosy for comment, but did not immediately hear back.
Created: March 06, 2019 09:59 PM
Copyright 2019 - KSTP-TV, LLC A Hubbard Broadcasting Company