Last November St. Augustine’s University in Raleigh, North Carolina, agreed to assume management of Saint Paul’s College in Lawrenceville, Virginia. Both HBCUs are affiliated with the Episcopal Church. Now St. Augustine’s University has decided not to proceed with the acquisition.
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Saint Paul’s College lost its accreditation earlier this year but retains its previous status as it appeals the decision. However, there are only slightly more than 100 students on campus this fall.
With the loss of accreditation looming, the HBCU has decided it would be “prudent” to suspend most campus operations, including fall classes. An appeal of the accreditation ruling is expected to be heard next week.
The HBCU in Lawrenceville, Virginia, has vowed to appeal the decision.
The historically Black college has been on accreditation probation for two years and needs to shore up its financial situation.