DENVER (CBS4)– A national career college chain that operated in Denver has folded. More than 200 students had attended Argosy University located in the Tamarac area of southeast Denver.

(credit: CBS)

Argosy has operated around the country, first as a “for profit” then as a “non-profit” educational institution. The college closed its doors at a building in Denver last year, leaving students like Alexandra Schmidt-Beuchat in a lurch.

(credit: CBS)

“This has been devastating to say the least it’s affected me, my peers, students all over the country,” she said.

Schmidt-Beuchat managed to continue her education online, but matters went from bad to worse. The U.S. Department of Education gave the university $13 million for student aid, but then found the money had been misspent. A…