Saint Augustine's University stabilizing after financial strain

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Saint Augustine's University in Raleigh says it is stabilizing after years of financial strain and accreditation trouble, with its board tightening oversight and naming an interim president. The HBCU remains operational and accredited, but continues remote classes, deep cost-cutting, and work on a long-term sustainability plan that will shape options for current and future Raleigh students.

Why it matters

Saint Augustine's University is an important institution in the Raleigh community, providing educational opportunities for many local students. Its financial struggles and accreditation issues have raised concerns about the school's future and the impact on Raleigh families. The university's efforts to stabilize and develop a long-term plan are crucial for ensuring continued access to higher education in the area.

The details

Saint Augustine's University says it is taking steps to address its financial challenges, including tightening board oversight and naming an interim president. The HBCU remains operational and accredited, but is continuing remote classes and deep cost-cutting measures as it works on a long-term sustainability plan. This plan will ultimately shape the options available to current and future Raleigh students at the university.

• Saint Augustine's University has faced financial strain and accreditation issues for several years.

What’s next

The university's long-term sustainability plan will determine the future options for Raleigh students at Saint Augustine's.