According to Inside Higher Education, 'The Education Department said that the roughly 8,800 students enrolled at Argosy campuses could seek to transfer their credits elsewhere or apply for loan cancellation in the event their campus shuts down.' Īll Argosy campuses were officially closed on March 8, 2019. On February 27, 2019, the US Department of Education stated that they were cutting off federal funding to Argosy University. Argosy University was a system of for-profit colleges owned by Dream Center Education Holdings (DCEH), LLC and Education Management Corporation.