Thread regarding Dream Center Education Holdings, LLC (DCEH) layoffs

Lost Student Loan Payments

I was just reading that Dream Center lost 9 million dollars in Student Loan Payments. No idea where the money is. Someone is going to prison. Make sure it isn't you.

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Post ID: @OP+XAdVBBm

6 replies (most recent on top)

The receiver is in control of ALL decisions, including all the money for the university. It was the accrediting agency that put Argosy in HCM2 status. It is the receiver and ONLY the receiver who can decide where the money goes to pay anyone anything.

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Post ID: @2bhu+XAdVBBm

Isn't the school under HCM2 which means the school has to pay then the fed does after proving it? How does that work if they're under receivership?

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Post ID: @1cyy+XAdVBBm

The receiver in charge of Argosy is from the federal government. Not likely he’s going to jail anytime soon or at all.

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Post ID: @1you+XAdVBBm

They did not lose the money. They were not given it. Link to the Department of Education with updated information: http://www.ohe.state.mn.us/mPg.cfm?pageID=2340

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Post ID: @yiu+XAdVBBm

Source please?

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Post ID: @tqo+XAdVBBm

I heard that they're withholding the payments because the company has money. How do you "lose" 9 million dollars???

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Post ID: @kjo+XAdVBBm

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