[11][12] Six years later Argosy Education Group acquired the health profession training school the Medical Institute of Minnesota, which was established in 1961.

According to a response from Argosy University's parent company, EDMC, accreditation with the APA is not required for clinical psychology licensure in many jurisdictions, including Texas.

[25][26] In December 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 practices.

[29] In November 2015, Argosy's parent company agreed to forgive more than $100 million of student loan debt to settle claims it violated consumer protection laws.

[31] In March 2017, Education Management Corporation reported that they intended to sell the Argosy schools to the Dream Center, a Los Angeles-based Pentecostal organization.

[34] The transaction closed in November 2017; EDMC said it would remain in operation to wind down the approximately fifty schools that had stopped accepting new students.

"[37] The Washington Post reported that "being kicked out of the federal student-aid programs, known as Title IV, would sound the death knell for Argosy.

[39] The Arizona Republic and Inside Higher Education reported that Argosy University failed to distribute more than $9 million in financial aid to its students, and "it's unclear where the money is.

"[41] By mid-February, the WASC Senior College and University Commission (WSCUC), "students should be aware of the possibility that Argosy in Hawaii could abruptly close prior to the completion of their program.

"[49][50] In April 2023, the Supreme Court rejected a challenge to the settlement and allowed to proceed the debt cancellation due to alleged fraud.