At least two dozen students and professors from Chicago held a protest in front of Argosy University in Michigan Avenue on Tuesday after being notified that the school is in danger of closing was denied the status of non-profit organization and lost the title to be eligible.
Angela Champ and her classmates said they are angry because they have not received financial aid money since the fall.
"I have a debt of $ 137,000," he said. "For me, being a doctor is very, very important, I will be the only person in my family who has made it."
Argosy University withdrew from the aid program On February 27, accused of using nearly $ 13 million dollars in reimbursements of credit balances owed to students in invoices
Another student, Indra González, comes from a low-income family and depends on the financial help to survive.
"It's just being It's really emotionally draining," he said. "I got to that point where I do not have any more money saved, I'm going to have to learn something else to pay for that, and it's later this month."
The protest lasted approximately 30 minutes.
One of the professors said that he has been teaching there for 13 years and had never seen anything like it before; outraged that students put themselves in this financial situation after investing so much in their careers.
The university has until March 11 to file an appeal.
NBC 5 contacted Argosy for a statement regarding the protest and until Tuesday afternoon, they still have to respond.
The statement sent on Monday said they were working to determine the best path for students at this time.