Argosy University announced that it may cease operations this Friday.

The state continues to tell former and current students to get their records from the school because they will be needed to secure financial aid, loan forgiveness, or to continue their education. The school is also having a transfer fair tomorrow from 12-2 p.m. and 4-8 p.m., at the Argosy campus located on Bishop Street.

The owner of Argosy filed for receivership in federal court in January and Argosy’s accrediting agency placed the school on “show cause status.” One student we spoke to says he’s just three classes away from going on an internship. He’s currently in the clinical psychology program.

“When I heard that the school is closing down the first thing that went through my mind was sadness for all the students at the school. Especially for the community of Hawaii. At any given time of the month or the day or the semester or the year, there is probably about 100 of us practicum students inside the community at the state hospitals, at the centers, at private practices. So, at any given time of the week we’re probably treating 2 – 3 thousand patients and I feel bad for those who aren’t going to be able to receive services because they won’t have those students working in those practicum positions,” said 4th year student, Pedro Benach.

The state told us in an interview last month that the university is in a dire financial situation so students need to prepare for the worst. The state does have a closed school guide for students that provides resources and explains loan discharge and such.

We also reached out to the university and are waiting to hear back from them.

More Resources:

Closed school discharge

Argosy University Status Information