Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Business Administration - Associate of Science Program cost:

Average cost of program tuition is $33660 Average cost of books and digital resources is $0 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $33885

6% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in 30 months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date

Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Business Administration - Bachelor of Science Program cost:

Average cost of program tuition is $67320 Average cost of books and digital resources is $0 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $67545

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Business Administration - Doctor of Business Administration Program cost:

Average cost of program tuition is $55500 Average cost of books and digital resources is $1900 Average cost of program fees is $2025 Average of program room & board is $0 The total average cost of the program is $59425

50% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in 41 months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Business Administration - Master of Business Administration Program cost:

Average cost of program tuition is $23250 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $24325

100% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in 22 months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Counseling Psychology - Doctor of Education Program cost:

Average cost of program tuition is $57480 Average cost of books and digital resources is $1520 Average cost of program fees is $2025 Average of program room & board is $0 The total average cost of the program is $61025

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Criminal Justice - Bachelor of Science Program cost:

Average cost of program tuition is $67320 Average cost of books and digital resources is $0 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $67545

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Forensic Psychology - Master of Arts Program cost:

Average cost of program tuition is $27000 Average cost of books and digital resources is $1020 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $28245

22% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in 20 months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Higher and Postsecondary Education - Doctor of Education Program cost:

Average cost of program tuition is $51540 Average cost of books and digital resources is $1900 Average cost of program fees is $2025 Average of program room & board is $0 The total average cost of the program is $55465

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Human Resource Management - Master of Science Program cost:

Average cost of program tuition is $23250 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $24325

100% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in 9 months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Human Services - Master of Science Program cost:

Average cost of program tuition is $27000 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $28075

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Information Technology - Associate of Science Program cost:

Average cost of program tuition is $33660 Average cost of books and digital resources is $0 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $33885

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Information Technology - Bachelor of Science Program cost:

Average cost of program tuition is $67320 Average cost of books and digital resources is $0 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $67545

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Liberal Arts - Bachelor of Arts Program cost:

Average cost of program tuition is $67320 Average cost of books and digital resources is $0 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $67545

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Organizational Leadership - Doctor of Education Program cost:

Average cost of program tuition is $51540 Average cost of books and digital resources is $1900 Average cost of program fees is $2025 Average of program room & board is $0 The total average cost of the program is $55465

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Pastoral Community Counseling - Doctor of Education Program cost:

Average cost of program tuition is $57480 Average cost of books and digital resources is $1900 Average cost of program fees is $2025 Average of program room & board is $0 The total average cost of the program is $61405

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Psychology - Associate of Arts Program cost:

Average cost of program tuition is $33660 Average cost of books and digital resources is $0 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $33885

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Psychology - Bachelor of Arts Program cost:

Average cost of program tuition is $67320 Average cost of books and digital resources is $0 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $67545

19% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in 35 months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Sport-Exercise Psychology - Master of Arts Program cost:

Average cost of program tuition is $22500 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $23575

50% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in 33 months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Clinical Mental Health Counseling - Master of Arts Program cost:

Average cost of program tuition is $45000 Average cost of books and digital resources is $1700 Average cost of program fees is $2245 Average of program room & board is $0 The total average cost of the program is $48945

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Public Health - Master of Public Health Program cost:

Average cost of program tuition is $27810 Average cost of books and digital resources is $1275 Average cost of program fees is $245 Average of program room & board is $0 The total average cost of the program is $29330

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Organizational Leadership - Master of Science Program cost:

Average cost of program tuition is $23250 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $24325

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Curriculum and Instruction - Doctor of Education Program cost:

Average cost of program tuition is $51540 Average cost of books and digital resources is $1900 Average cost of program fees is $2025 Average of program room & board is $0 The total average cost of the program is $55465

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Industrial Organizational Psychology - Master of Arts Program cost:

Average cost of program tuition is $27000 Average cost of books and digital resources is $1020 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $28245

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Management - Master of Science in Management Program cost:

Average cost of program tuition is $23250 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $24325

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Adult Education & Training - Master of Arts In Education Program cost:

Average cost of program tuition is $22248 Average cost of books and digital resources is $1020 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $23493

100% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in 23 months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Criminal Justice - Associate of Science Program cost:

Average cost of program tuition is $33660 Average cost of books and digital resources is $0 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $33885

0% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Health Services Management - Master of Science Program cost:

Average cost of program tuition is $32895 Average cost of books and digital resources is $1275 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $34395

100% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in 26 months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Higher and Postsecondary Education - Master of Arts In Education Program cost:

Average cost of program tuition is $18540 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $19615

100% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in 17 months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Public Administration - Master of Public Administration Program cost:

Average cost of program tuition is $26316 Average cost of books and digital resources is $1020 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $27561

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Competency-based Master of Business Administration - Master of Business

Administration Program cost:

Average cost of program tuition is $23250 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $24325

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Healthcare Administration - Bachelor of Science Program cost:

Average cost of program tuition is $67320 Average cost of books and digital resources is $0 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $67545

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Higher and Postsecondary Education - Education Specialist Program cost:

Average cost of program tuition is $29850 Average cost of books and digital resources is $950 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $31025

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Service Sector Management - Master of Science Program cost:

Average cost of program tuition is $23250 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $24325

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Curriculum & Instruction: Integrated Concentration - Master of Arts In Education Program cost:

Average cost of program tuition is $18540 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $19615

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Curriculum & Instruction: Special Education - Master of Arts In Education Program cost:

Average cost of program tuition is $16920 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $17995

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Curriculum & Instruction: ELL/ESL - Master of Arts In Education Program cost:

Average cost of program tuition is $18540 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $19615

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Curriculum & Instruction: Reading - Master of Arts In Education Program cost:

Average cost of program tuition is $16920 Average cost of books and digital resources is $850 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $17995

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Educational Administration - Master of Arts In Education Program cost:

Average cost of program tuition is $18504 Average cost of books and digital resources is $1020 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $19749

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Curriculum & Instruction: - Education Specialist Program cost:

Average cost of program tuition is $29850 Average cost of books and digital resources is $950 Average cost of program fees is $225 Average of program room & board is $0 The total average cost of the program is $31025

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)

Disclosure Required by Massachusetts Regulation 940 CMR 31.00

Community College Executive Leadership - Doctor of Education Program cost:

Average cost of program tuition is $51540 Average cost of books and digital resources is $1900 Average cost of program fees is $2025 Average of program room & board is $0 The total average cost of the program is $55465

N/A% of students taking the program online graduated during the 2013 – 2014 calendar years.* The average student taking the program online graduates in N/A months. 55.5% of Argosy University students defaulted on, or failed to repay, their loans during the fiscal cohort year 2012. The official federal cohort default rate is 13.2%. The U. S. Department of Education does not officially calculate an institution’s deferment or forbearance rate and, thus, Argosy University internally calculated the total percentage of student borrowers who had at least one of their federal loans in deferment or forbearance to be 42%. In general terms, a deferment or forbearance is a temporary suspension of payment of up to 12 months, approved by a borrower’s federal loan servicer, due to a student’s economic hardship, unemployment, continuing education, or military status.** You must repay money that you borrow as student loans to pay for this program, including interest. You must repay any portion of the money you borrow to pay for this program, even if you fail to complete or drop out of the program. Failure to repay student loans is likely to have a serious negative effect on your credit, future earnings, and your ability to obtain future student loans.

Signature of prospective student Date Parent/guardian (if prospective student is under the age of 18) Date

* Argosy University provides this graduation rate in compliance with Massachusetts 940 CMR 31.00. The Massachusetts graduation rate is a specific calculation based on the number of students who received certificates, diplomas, or degrees in the program during the last two calendar years, divided by the number of students who enrolled in the program during the last two calendar years. Students are included in the calculation based strictly on whether they enrolled in the program in the last two calendar years; the rate does not take into consideration whether the student has been enrolled long enough to complete the program. ** The federal FY12 cohort default rate is calculated by dividing the number of student borrowers who entered repayment between October 1, 2011 and September 30, 2012 and defaulted by September 30, 2014 by the number of student borrowers who entered repayment during that same period. (Generally the borrowers are students who left school between April 1, 2011 through March 31, 2012.)