Fisk University Placed on Warning Status by Accrediting Board

Fisk University, the highly regarded historically black educational institution in Nashville, has been placed on warning status by the Southern Association of Colleges and Schools. The accrediting body stated that Fisk was not in compliance with its standards on financial stability. Fisk must submit a report within six months demonstrating that it has a plan to deal with its financial problems.

Fisk hopes to be able to sell a share of its vast art collection to raise the money necessary to shore up its financial situation. But the plan to sell the art has been tied up in the courts for several years.