Illinois Board of Higher Education
JB Pritzker, Governor
Tom Cross, Chair ● Nyle Robinson, Interim Executive Director
MEMORANDUM
TO: Argosy University Students
FROM: Illinois Board of Higher Education
DATE: February 26, 2019
You are receiving this memo because our records show you are currently a student at Argosy University (Chicago). The Illinois Board of Higher Education (“IBHE” or the “Board”) is actively monitoring the campus due to recent events relating to various financial stability and accreditation issues. As of January 18, 2019, Argosy entered into Federal Receivership based on the inability of its current owner, Dream Center Education Holdings, LLC, to meet its outstanding financial obligations. Immediately following, the U.S. Department of Education (“ED” or the “Department”) placed Argosy University on Heightened Cash Monitoring Level 2 (“HCM2”) and WASC Senior College and University Commission (“WSCUC”) placed Argosy on Show Cause for noncompliance with Standard 3 of the 2013 Handbook of Accreditation Revised, which could result in loss of institutional accreditation. Based on all of these actions, the Board also launched an investigation on or around January 24, 2019.
IBHE staff have conducted a site visit to Argosy University (Chicago) and attended the recent Federal Receiver’s town hall meeting held on February 19, 2019. IBHE is aware of the serious concerns students and faculty have regarding federal student loans, institutional and programmatic accreditation status, course transfer, program completion, internship/practicum requirements, employment,
As a precaution, IBHE urges students to take the necessary steps to protect individual student records. First, please secure a copy of your transcript and financial records including financial aid from Argosy University as soon as possible. IBHE is working on securing all student transcripts from the Argosy University campus locations in the State of Illinois. Second, collect copies of your syllabi from your coursework taken at Argosy University. Third, watch our website at www.ibhe.org for details about institutions of higher education that may serve as potential
If you have questions about your student loans, the Illinois Attorney General’s office created the Student Loan Helpline
Finally, students can take further action by filing an official complaint with either IBHE or the Illinois Attorney General’s Office. Every student complaint filed with the IBHE for Argosy University will also be shared with the Illinois Attorney General’s Office.
1 North Old State Capitol Plaza, Suite 333 • Springfield, Illinois
Fax: (217)
Printed on Recycled Paper