Argosy University
[11][12] Six years later Argosy Education Group acquired the health profession training school the Medical Institute of Minnesota, which was established in 1961.According to a response from Argosy University's parent company, EDMC, accreditation with the APA is not required for clinical psychology licensure in many jurisdictions, including Texas.[25][26] In December 2013, EDMC agreed to pay $3.3 million in restitution and fines to settle charges with the Colorado Attorney General that Argosy University had engaged in deceptive marketing practices.[29] In November 2015, Argosy's parent company agreed to forgive more than $100 million of student loan debt to settle claims it violated consumer protection laws.[31] In March 2017, Education Management Corporation reported that they intended to sell the Argosy schools to the Dream Center, a Los Angeles-based Pentecostal organization."[37] The Washington Post reported that "being kicked out of the federal student-aid programs, known as Title IV, would sound the death knell for Argosy.[39] The Arizona Republic and Inside Higher Education reported that Argosy University failed to distribute more than $9 million in financial aid to its students, and "it's unclear where the money is."[41] By mid-February, the WASC Senior College and University Commission (WSCUC), "students should be aware of the possibility that Argosy in Hawaii could abruptly close prior to the completion of their program.