St. Paul, Minn. – Approximately 1,100 students who lost access to student loan funding due to the abrupt closing of Argosy University will receive renewed state support thanks to the unanimous passage of H.F. 2849 today. The legislation allows the Office of Higher Education to take specific measures and direct funds to eligible students and to write-off loan debt the students incurred. The legislation was co-authored by Senator Karla Bigham (DFL-Cottage Grove).
“These students had their world turned upside down by the closing of Argosy and were left without state aid and loan dollars they expected to get,” said Senator Bigham. “It’s vital that we provide state support to make sure these students have much-needed stability in this time, that they get the funding that they were expecting, and I’m proud to see strong bipartisan support and urgency in addressing this.”
The legislation will now move onto the House where it is expected to pass quickly, and then onto Governor Walz for his signature into law.