Congress' shrillest voices on waste refuse to even look at the industry. Despite sitting on the Senate committee examining for-profit fraud, Rand Paul (R-Ky.) has expressed no curiosity about this money pit. Nor have fellow committee members Lamar Alexander (R-Tenn.) and deficit hawk John McCain (R-Ariz.). Not one responded to repeated interview requests for this story.

President Obama has stepped into the breach, though with customary timidity. In July, the Department of Education made it once again it unequivocally illegal to base salespeople's pay on enrollment. But other reforms were so watered down they were meaningless. Taxpayers should probably be thankful Obama did anything at all. At hearings last year, Sen. Tom Harkin (D-Iowa) called it the most intense lobbying campaign he'd seen in his 32 years in Washington.

To truly appreciate how weak the final regulations were, consider this: The day they were revealed, for-profit stocks soared. The stock prices of EDMC and ITT Tech in particular increased by 20 percent. In one day.

Barmak Nassirian, former AACRAO official: “They found a system where the pitch goes to one guy and the bill to someone else.”
courtesy Barmak Nassirian
Barmak Nassirian, former AACRAO official: “They found a system where the pitch goes to one guy and the bill to someone else.”
Iraq War veteran Chris Pantzke ran up $26,000 in debt at the Art Institute of Pittsburgh.
courtesy Chris Pantzke
Iraq War veteran Chris Pantzke ran up $26,000 in debt at the Art Institute of Pittsburgh.

The government ignores the problem at the country's peril. Total student loan debt, now over $1 trillion, has surpassed credit card debt. These burdens will limit students' ability to contribute to our consumer economy for years to come. Worse, unlike an underwater mortgage, Congress has made it illegal for people to walk away from student loans they can't pay. The debt will follow them the rest of their life.

"This is basically a parasitic industry that is preying upon not just some of the most vulnerable members of our society, but the best of these most vulnerable members, people who listen to the rhetoric we feed them and who are actually attempting to better themselves," says Nassirian. "This is an industry that takes people's hopes and dreams and cashes them out."

And they won't stop until they've emptied the till.

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12 comments
argosywhistleblower
argosywhistleblower

TO my Attorney: Before we go any further, I wanted to make sure you both know a little about me and how vital my experience was with Argosy. I wanted to take a moment today to clarify something about my case. Something I neglected to mention. I wanted to mention the true victims of this fraud. I want to spend a moment telling you about my Patients. I want to tell you both how much they meant to me and how deeply wounded I am as their Doctor to no longer be able to reach out my hand and offer hope. I can't express in words how life giving it was to be a Therapist and Evaluator. Every day of my life since departing my field I have wondered how they faired. I wondered if anything or anyone came along and gave them the tools they needed to move forward with their lives. I wondered if anybody stopped to make sure they were being cared for. I sat at home and wondered. I said goodbye to psychology in 2009. I wanted to try to reach people with my words. I chose writing and have nine bestselling Kindle books. But, I always wondered what might have been. I left my field reluctantly. I left because I felt like my voice had been silenced. I felt like I could never escape the clutches of my graduate school and the insurmountable debt it left me in. I thought the only way I could ever hope to reach out to help those in need was through my writing. I thought maybe I could help that way instead. I am happy to report success as I have sold thousands of books (3,284 last year). But, I always dreamed of what might have been had I stayed. I began therapy in 2007 and go once a week. I have tried to practice what I preached to those in pain. And, I am happy to report success. I have moved on to other ventures. I have been developing a Carcinoid cancer charity since 2011. I have posted 360 videos to raise awareness for this rare cancer which my Aunt suffers from. I plan on transitioning to this endeavor permanently. But, I always wondered what might have been had I stayed. I wondered about them. My Patients. And, to find out the school I trusted to guide me to helping those people in pain was a fraud is the most shameful, humiliating, and painful revelation as one could ever imagine. I want to tell you that no matter what happens with this case, I will never let them have the joy, hope, and promise I tried my best to impart to those under my care. They may hide behind clauses and laws but they can never touch that part of me. They may ruin me financially and shame me to my colleagues. But, at least, I will retain that joy from reaching out with hope to those in need. Respectfully, ArgosyWhistleBlower

argosywhistleblower
argosywhistleblower

Update: launched facebook page today. Less than four hours later, I have spoken to seven students. One from Maine, one from Arkansas, one from Arizona. All online students. Seems like they have it worse than those of us who had a campus to go to. They are given the run around. Confirms my resolve. Get at us on facebook: "Argosy Whistleblower" or twitter @AUfraud or email me argosywhistleblower@gmail.com We also need former professors/staff/recruiters willing to testify.

argosywhistleblower
argosywhistleblower

Correction- In lieu of being deemed uneducated, I hereby correct my typo. I am a Neuropsychologist, former Neuropsychology Fellow. Okay, now that I've clarified my training, let me tell you about my chat with Argosy President Dr. Garrison. I informed Dr. Garrison that I will be pursuing my legal rights to which he replied, "Can I confirm your mailing address to send the copy you requested of your student file?" In other words, he bypassed discussing my tenure at Argosy. I also spoke with Rep. Kriseman of Florida for over an hour. I then spoke with two local Consumer Fraud lawyers. I am happy to report my decision to find and assist ALL Argosy victims. If we can join forces, we can do something. So, if you know anyone who got duped, have them contact me.

argosywhistleblower
argosywhistleblower

Attention ALL Argosy students/grads: if you would like to discuss your eligibility for a class action suit contact me at argosywhistleblower(at)gmail(dot)com I am a former Neuropsycholgy Fellow & grad determined to recoup our costs. For all others, please know the Bay Area campus wears the crown in terms of ripping people off. I was a clinic Supervisor at Argosy for four years. I was made to complete THREE practicums! The lady profiled in the article only had to do two & she is headline news? Look no further than Alameda if you want to see corruption in action.

trubluamerican
trubluamerican

It's so disturbing, that these vicious schemes to defraud hardworking citizens, are being created by members of society's elite, who have powerful political and economic connections at the highest level,  of both political persuasions.

wakeup
wakeup

Wake up Kiddos!  It's time to put down your electronic toys and push out those in Congress who made it illegal for you to walk away from student debt, while protecting the degenerates profiting from your basic right to an education. 

If a student agrees to pay the price for an education, then at the very least, demand that educational institutions provide, a quality education that meets industry standards.

notstupid
notstupid

 @wakeup Are you proposing that taxpayers bail out students who did not practice due diligence in deciding to what school to send their money to?

argosywhistleblower
argosywhistleblower

@hollymarieperry On facebook "argosy whistleblower" on twitter @AUfraud by email argosywhistleblower@gmail.com

 

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