2. Argosy University
Argosy University is a system of for-profit colleges owned by Education Management Corporation and maintains 28 campuses across the United States. Argosy also offers extensive degree options available through its online division. Argosy University was one of the 15 schools named in the GAO report following the series of investigations on fraud in recruitment practices. Argosy was not found guilty of fraud in the investigations, but was noted as having “made deceptive or otherwise questionable statements” in recruitment interviews. In December of 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 strategies, when it led students to believe that the school was working on getting its doctorate of education in counseling psychology degrees accredited by the American Psychological Association and that graduates would be eligible to be licensed psychologists in Colorado when that was not true.
Average Net Price: $31,688
Default Rate: 19.4%
Graduation Rate: 24%