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Georgia’s John Marshall Law School, after repeatedly failing to obtain ABA accreditation, was bailed out of dire straits with a $500,000 loan from Argosy Education Group, Inc. Chicago-based Argosy is a public company traded on the NASDAQ exchange and owns graduate and professional schools nationwide. According to dean Robert J. D’Agostino, Argosy will take over business and financial management and secure an option to assume ownership. D’Agostino and Senior Georgia Court of Appeals Judge Harold R. Banke Sr. ’51, chairman of John Marshall’s board of trustees, blamed the ABA for the school’s money troubles. Because of ABA requests for raises in faculty pay and improvements to facilities, Banke estimates it will take about $1 million to get the school accredited. “The ABA commission forces you into expenditures you don’t really need. And that’ll push tuition up,” says D’Agostino.

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