Financial Concerns Extend Accreditation Issues for Fisk, Saint Paul’s

The Southern Association of Colleges and Schools yesterday denied accreditation reaffirmation for several HBCUs facing financial challenges.  Fisk University, a recently reaffirmed HBCU, was given a warning from the accrediting body and a six-month window to rectify issues with financial solvency.

Saint Paul’s College, which earlier in the year cancelled its football program to save money, was denied reaffirmation of its accreditation.

Fisk in specific was chided for questionable leadership and a perceived inability to find solutions for its money woes beyond the controversial sale of a bequeathed art collection. From Diverse Issues:

Fisk has been on warning status from SACS for more than a year, with the Atlanta-based agency repeatedly citing the school’s weak financial condition as the key reason for refusing to grant Fisk a clean bill of health. In its final statement Thursday, SACS expanded the scope of its concerns to include questions about whether Fisk’s administrators were qualified to lead, the qualifications of its academic officials and the school’s compliance with Title IV education programs.

Southern University at Shreveport and Tougaloo College were also denied reaffirmation, and were placed on probation while maintaining accreditation until review in December.

Several HBCUs did receive 10-year reaffirmation this week, including Concordia College of Selma, Benedict College, Livingstone College, Paine College and Spelman College.

Read the full story at:
Accrediting Agency Rejects Fisk University Financial Plan

*Note* This post, originally published on June 24, 2010, erroneously reported that Fisk University was denied reaffirmation of its accreditation. The university was reaffirmed in 2009 by the Southern Association of Colleges and Schools, and information about its reaffirmation is available here. The HBCU Digest apologizes for the publishing of the incorrect information.