St. Augustine's University Faces Accreditation Crisis Amid Financial Struggles
TL;DR Summary
Saint Augustine's University, one of the oldest historically Black colleges, has secured a $7 million high interest-rate loan from Gothic Ventures to address its financial struggles, including liabilities and unpaid employee wages. The Raleigh-based institution, which has faced declining enrollment and lacks recent audited financial reports, views the loan as a crucial lifeline.
Topics:nation#education#financial-struggles#gothic-ventures#high-interest-rate-loan#historically-black-colleges#saint-augustines-university
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