Liberty University is opening its doors to students and faculty from Argosy University, which shut down mid-semester earlier this month because of financial problems.
Liberty is even offering a free class to Argosy transfer students, plus important discounts and aid. The school has also invited Argosy faculty to apply for teaching positions.
The Lynchburg, Virginia-based Liberty announced on its website that it is offering generous incentives to Argosy students who opt to transfer to its school for on-campus and online classes.
Liberty is offering several discounts to these students, including waiving application fees through May 29, a free online course, and other incentives.
"I want to personally invite the students who have been displaced by the closing of Argosy University to consider finishing out their degree programs with Liberty University," Liberty President Jerry Falwell said.
"We're sorry for what you're currently experiencing. Our teams stand ready to welcome you and make your transition into Liberty smooth and free of frustration. Liberty University is here to stay and is here for you at this critical time."
Liberty said it will transfer more than 50 programs from Argosy, and it set up a page on its website to assist in the process.
The school also encouraged former Argosy faculty members to apply for jobs at Liberty. Liberty has more than 300 online programs with several teaching positions available.
Argosy posted information on its own website to help students request transcripts as they seek options to continue their education.
According to ABC15, Argosy operated campuses in 11 cities. Its online operation had a student body of 5,000.
The news outlet reported that Argosy's parent company, Dream Center Education Holdings, used $13 million in federal assistance for payroll, rather than the student stipends for which it was designated. The company is now out of money.