Do you owe $50K or more in school loans? Support Argosy student's loan forgiveness plea
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The purpose of this petition is to appeal to the U.S. Department of Education to discharge the student loans of the graduates and students who have attended Argosy University (a for-profit school) with campuses across the country. The school and the staff at Argosy have misrepresented the success of their programs, and the number of students obtaining jobs that paid enough for them to pay back their education debt and live financially independent.Loan forgiveness for the students of Argosy University
By signing this petition on behalf of the students and graduates of Argosy University across the country who demand for the student loan forgiveness, and/or reasonable reduction of the loan balance.
Have you earned a graduate degree after spending many years in school only to find yourself in a financial hole? Wikipedia reported: “Student loan debt has been growing rapidly since 2006, rising to nearly $1.4 trillion by late 2016, roughly 7.5% GDP. Approximately 43 million have student loans, with an average balance of $30,000.”
Moreover, Better Business Bureau clearly states the Government Action has taken against Argosy University, Arizona and its parent company in the form of $102.8 million judgement to forgive the outstanding student loan debt accounting for 80,000 former students. Argosy also agreed to provide students with an online financial disclosure tool; refrain from misrepresentation; ban students from enrolling in unaccredited programs. From my personal experience, I can say that Argosy University representatives NEVER discussed the total cost of the Masters program ($50,000!!!). And there is NO Credit Counseling provided at the time when the loans are withdrawn at the Department of Education website. Any other accredited school requires students to complete a full 60-120 minute credit counseling session in order to receive the financing.
Furthermore, a number of websites report a variety of unacceptable business practices such as misrepresentation, manipulation, and fraud.
I tried to consolidate loans serviced at the Department of Education's back in 2012, but the loan payment of $840 a month is well beyond of what I can afford to pay. Like many other graduates, I found myself choosing between paying rent and eating, or paying my student loans. Many students have not be able to live independently or have been facing financial hardships since repayment of their loans has taken effect. Many graduates have not been able to buy their first home, buy a reliable car, or take out other student loans to further their educations at other respectable colleges. Many students are on government aid in order to support themselves and their children.
I have been using Income Driven Repayment Option, and it did help reduce the monthly payment. However, the balance of the student loan has only been growing. At this pace it may take a lifetime to pay for the education and the interest associated with the school loan.
Help me get the message to the Department of Education for Argosy University graduates to be included in the loan forgiveness program, and/or reasonable reduction of the loan balance.
Argosy University Graduate Student
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