If a borrower is eligible for and chooses to accept an interest rate promotional offer due to that borrowers membership in a professional association, the borrower will not be eligible for the cash bonus from Laurel Road. Frequently Asked Questions About APA and Argosy University If you are a federal student loan borrower you should take time now to prepare for your payments to restart, including the opportunity to refinance your student loan debt at a lower APR or to extend your term to achieve a lower monthly payment. Other colleges and universities have similar offers. It will be based on credit history, the selected repayment option and other factors, including a cosigners credit history (if applicable). Rates as of 6/5/23. The admissions team was let go in January. You will receive a $1,000 bonus if you refinance $100,000 or more, or a $200 bonus if you refinance an amount from $50,000 to $99,999.99. However, the borrower can still be eligible for the Student Loan Planner bonus if they qualify under the Student Loan Planner Bonus Disclosure terms below. If you opt to receive the cash bonus incentive offer, you will receive a $1,050 bonus if you refinance $100,000 or more, or a $300 bonus if you refinance an amount from $50,000 to $99,999.99. Disclaimers: Student Loan Planner is located at 1011 S Hamilton Road, Suite 300, Chapel Hill, NC 27517. Variable APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and a 5.89% APR would result in a total estimated payment amount of $17,042.39. In order to receive this bonus, customers will be required to complete and submit a W9 form with all required documents. Typical Total Cost for Off-Campus Students $25847. By Argosy University Closing: 5 Fast Facts You Need to Know Our lowest APRs are only available to applicants with the best credit. But she said others in the program who werent as far along have moved to Chicago or commute to the city for classes because they werent offered transfer opportunities in Minnesota. To receive a Closed School Discharge, you will need to submit an application to your loan servicer. To qualify for this Laurel Road Welcome Bonus offer: 1) you must not currently be an Laurel Road client, or have received the bonus in the past, 2) you must submit a completed student loan refinancing application through the designated Student Loan Planner link; 3) you must provide a valid email address and a valid checking account number during the application process; and 4) your loan must be fully disbursed. Your variable interest rate (index + margin applicable discounts) will not exceed 18%. The Federal Student Aid school closure list is also updated regularly. Visit earnest.com/licenses for a full list of licensed states. Information for Argosy University The Minnesota Office of Higher Education is a cabinet-level state agency providing students with financial aid programs and information to help them gain access to postsecondary education. Closed school discharge dismisses all of your federal student loans, except PLUS loans, if you qualify. Learn more about Discover Student Loans interest rates at DiscoverStudentLoans.com/Rates. For the $1,050 Welcome Bonus offer, $500 will be paid directly by Student Loan Planner via Giftly. Terms and conditions apply. Although the commission had threatened to revoke Argosys accreditation as Dream Centers financial condition deteriorated, WASC President Jamienne Studley said keeping the university in good standing was important for students. If a borrower does not claim the Student Loan Planner bonus within six months of the loan disbursement, the borrower forfeits their right to claim said bonus. We understand the particular plight of students in their final term and had proposed to Argosy ways they might be able to help those students complete. Without the critical source of revenue from federal student aid, Argosys owner, Dream Center Education Holdings, had a slim chance of keeping the school open. We won't be able to keep all our data current and accurate. For example, if you decide to complete an education program at another school and transfer education credits earned at Argosy, you will not be eligible for a Closed School Discharge of your Argosy federal loans. Northwestern Health Sciences University in Bloomington absorbed five Argosy programs, allowing 200 students and a handful of faculty members to continue their work. For Earnest, if you refinance $100,000 or more through this site, $500 of the $1,000 cash bonus is provided directly by Student Loan Planner. I am pleased with this agreement that provides some relief to those students and holds Argosy accountable to the students abandoned when the school abruptly closed.. Any amount borrowed for previous programs or while in attendance at another school wont be eligible. Were here to help with these complicated decisions. Borrowers must complete theRefinance Bonus Request formto claim a bonus offer. A group of Democratic senators, led by Sen. Richard J. Durbin (Ill.), chastised the federal agency for failing to coordinate with Argosys accreditor to ensure a path for students to complete their studies known as a teach-out plan was in place when the university lost access to federal funds. If PSLF isnt an option because you work in the private sector or as a part-time employee, you can opt for an IDR plan and be eligible for loan forgiveness after 20 to 25 years. This offer is not valid for borrowers who have previously received a bonus from Student Loan Planner. Products may not be available in all states. For the $100 to $400 Welcome Bonus offer, LendKey will automatically transmit the $100 to $400 bonus to your checking account after the final disbursement. This offer is not valid for borrowers who have previously received a bonus from Student Loan Planner. Administrative office: Argosy University, 333 City Boulevard West, Suite 1810, Orange, CA 92868 To get the best transfer options, reach out to an admissions counselor for accurate information. What Argosy University Students Should Know - Student Loan Planner Information for Argosy University At Argosy University, you'll have the opportunity to learn and grow in a collegial, supportive academic environment that combines teaching and practical . Theres no way to have those funds reimbursed. Schedule a low-cost pre-debt consult today. For multi-party loans, only one party may enroll in Auto Pay. Earnest Operations LLC, NMLS #1204917. This offer is not valid for borrowers who have previously received a bonus from Student Loan Planner. For assistance, call 1-855-855- 0571 or email AUcareerreadiness@argosy.edu. Im stuck dealing with the aftermath of what happened to the business, essentially, said Nicole Knutson, 31, who enrolled in online classes at Minneapolis Herzing University after taking dental hygiene courses at Argosy that she now considers to be a waste. Phone: 808-586-7327 . Argosy University continues to offer career services to students to assist with employment opportunities and job skills development. About. Resources for Argosy University students - WSCUC The amount forgiven with PSLF program is not considered taxable income. Argosy University - DevelopmentAid If you need a copy of your student transcripts and wish to discuss other issues, refer to https://argosy.edu/closed-school-information. You should carefully consider your options and personal finances before continuing your studies or applying for a Closed School Discharge. The bonus amount will depend on the total loan amount disbursed. You cant discharge your student loans, but you can look at forgiveness programs for your repayment plan. $200 for $50k to $99,999, For 100k or more. So whether you leave school $100,000 in debt or $300,000 in debt, the payment would be the same. On March 6, the Receiver for a network of schools owned by Dream Center Education Holdings (DCEH) filed a motion with the court requesting the emergency closure of 22 online and physical campuses. To qualify for this LendKey Bonus offer: 1) you must not currently be an LendKey client, or have received the bonus in the past, 2) you must submit a completed student loan refinancing application through the designated Student Loan Planner link; 3) you must provide a valid email address and a valid checking account number during the application process; and 4) your loan must be fully disbursed. Utilizing a forgiveness program can make continuing school worth it if you owe $50,000 or more. Information obtained via Student Loan Planner is for educational purposes only. If I suffered from argosy predatory school but graduated unlucky after paying private loan are there ANY forgivenesses, paybacks of what I paid to lender, etc. Argosy University closure - Office of the Attorney General For loan terms over 15 years, the interest rate will never exceed 11.95%. Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. In some cases, you could obtain a better deal from our advertising partners than you could obtain by utilizing their services or products directly. Weve personally advised over $1 out of every $1,000 in student loan debt in the U.S., creating custom plans for approximately $2.4 billion worth of student loans. With student loan relief ending in 60 days, its important to have a game plan for student loan repayment. We will update this page as frequently as new information emerges. Please note that skipping a payment is not guaranteed and is at Earnests discretion. for citibank? Lowest rates are reserved for the highest qualified borrowers. Otherwise, youre ineligible for closed school discharge. I basically have to start all over, said Lozano, a single mother of five who set out to become a dental hygienist so she could provide more for her family. Similar scenes, according to students and faculty, played out at other Argosy campuses as the chain of 22 career schools stretching from Virginia to California closed Friday amid allegations of fraud. Elfi: If you refinance over $150,000 through this site, $500 of the cash bonus listed above is provided directly by Student Loan Planner. Additional terms and conditions apply. Doctor of Education programs allow students to major in counseling psychology, counselor education and supervision or pastoral community counseling. WSCUC's top priority is to work with Argosy and other accredited colleges and universities to facilitate students' ability to continue their education. Unfortunately, if you have private student loans, a Pell Grant or utilized GI Bill benefits, you cant discharge or receive a refund for that aid. cancel $2.1 million in student loans (institutional debt) at 12 campuses and on-line; includes financial relief for students in multiple states (such as $90,000 for Illinois students and more than $150,000 for Georgia students); no further collection of student loan debt; and. The Splash Student Loan Refinance Program is not offered or endorsed by any college or university. . Argosy University - Wikipedia The great news about Argosy's closure is that now that they've decided to shut down, everyone who is a current student, but who did not manage to complete all the requirements for receiving their diploma, now has instant and immediate access to the Closed School Student Loan Discharge Program. Illinois . The students are really suffering. The amount forgiven is taxed income. Bethany McCamish works as a freelance writer and graphic designer in the personal finance and lifestyle content space. Feb 28, 2022 at 4:57 pm. The Education Department is keeping a running list of transfer fairs being hosted by state higher education agencies. Typical Total Cost for Off-Campus Students $25063. Bonus amounts of $600 or greater in a single calendar year will be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law.