Students of two shuttered for-profit colleges may apply for federal loan forgiveness

FRANKFORT, KY. (WTVQ)- The attorney general’s office has announced that Kentuckians attending two recently closed for-profit online schools may be eligible for federal student loan forgiveness.

Argosy University and Art Institutes, abruptly closed March 8 after the federal government revoked Argosy’s eligibility for federal student aid.

Eligible students include active students, and those who withdrew up to 120 days before the closure, who were not able to complete their program of study and have not transferred credits into a comparable program at another school.

The attorney general’s office says neither school had brick-and-mortar campuses in Kentucky, but both enrolled Kentuckians in their online programs. Both schools are owned by the Dream Center Education Holdings, Inc., which has been operating under a federal receivership since January.

Students impacted by the closure should visit the Department of Education’s website, https://StudentAid.gov/closures for detailed information, including how to apply for a discharge of their loans and obtain academic records. If students elect to continue their degree at another school, they are not eligible for a discharge.

Students who believe a private college has misled them or whose loan servicer has treated them unfairly can contact Beshear’s office at 502-696-5300, or by completing an online complaint form.

Categories: State News

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