I received this email approximately one day prior to Cynthia Baum being laid off.
As you are aware, Argosy University entered into federal receivership in which a legally appointed receiver acts as custodian of the university’s business operations. The ultimate goal of receivership is to protect Argosy’s ongoing operations and, most importantly, your student experience. In receivership, the receiver authorizes the release of funding, to include credit balances (commonly known as stipends) for students.
With my apologies, we are experiencing delays in the authorization and distribution of some stipend funds for students. While we do not have an exact date and time for the release of your funds, please know that you will receive them and that we are working diligently to correct the matter.
We understand how it important it is for you to receive your credit balance and are working very hard to make sure that we continue to provide you with the quality of education that you expect and deserve.
Cynthia G. Baum, Ph.D.