More than 80 Kentuckians who attended two for-profit schools that recently closed may be eligible to have their student loans forgiven. As Lisa Autry of member station WKYU reports, the state Attorney General’s Office is reaching out to affected students.
Argosy University and Art Institutes abruptly closed on March 8th after the federal government revoked Argosy’s eligibility for federal student aid.
Kentucky Attorney General Andy Beshear says those who qualify for student loan forgiveness include active students and those who withdrew up to 120 days before the schools closed. Also eligible are those who weren’t able to complete their degree and haven’t transferred their credits to a comparable program at another school. Neither school has brick-and-mortar campuses in the commonwealth, but both enrolled Kentucky students in their online programs.
The schools are owned by Dream Center Education Holdings, which has been operating under a federal receivership since January. Students affected by the closures should visit the federal Department of Education’s website for information on how to apply for loan forgiveness.
