All articles tagged with #saint augustines university
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.
Saint Augustine's University in Raleigh, North Carolina, had its accreditation terminated by the Southern Association of Colleges and Schools Board of Trustees, leaving students and parents concerned about the future. The university plans to appeal the decision and file a lawsuit, but financial issues, including missing funds and payroll problems, have added to the challenges. Students are worried about their financial aid, and the university's participation in sports events has also been affected.