in a letter to frontline, argosy's parent company, edmc, says, "argosy, dallas continues to aspire topa accreditation and rejects any charges of fraud." haferkamp has since moved to maryland, where she can't hang a shingle without an apa accredited degree. >> i really am at a dead end. i don't know which way to go. and the student loans are going to keep mounting and mounting and mounting. >> smith: haferkamp is now sinking in over $100,000 of federal student loans. this debt is almost impossible to escape. >> if you default on a federal student loan, you will be hounded for life. >> smith: barmak nassirian is a washington representative of traditional colleges. >> it is the most collectable kind of debt there is. it is non-dischargeable in bankruptcy. they will garnish your wages. they will intercept your tax refunds. they will sue you in court. there is... you become ineligible for federal employment, you become ineligible for any other kind of federal benefit. increasingly, many states piggy-back those prohibitions. so it is... it is... it ruins you. >> what was i doing before just