St. Augustine’s Declares Bankruptcy, University President Resigns
The university cited millions in debt and said Chapter 11 will let it reorganize finances while it drops accreditation litigation and stays open.
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10 Articles
Saint Augustine’s Declares Bankruptcy but Won’t Close
The beleaguered university will automatically lose eligibility for federal financial aid, so current students will have to finish their degrees at another institution. Saint Augustine’s University filed for bankruptcy Tuesday, a move that university officials say is necessary to address its “current financial realities” and chart a path forward for long-term sustainability.
St. Augustine’s University declares Chapter 11 bankruptcy
(The Center Square) – Debt plagued St. Augustine’s University, among the oldest historically Black colleges and universities in the country, filed Chapter 11 bankruptcy on Monday in the U.S. Bankruptcy
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