Fisk University will stay on probationary status with it’s accreditor. The Southern Association of Colleges and Schools still has concerns with the financial stability on campus.
Fisk was put on probation a year ago for spending more money than it was taking in. SACS also had concerns about the historically black university’s financial controls and governing board. Fisk contends it has already fixed those problems.
The announcement means students at Fisk will continue to be eligible for federal financial aid, and the campus can still go for government grants and contracts.
In a written statement, Fisk committed to giving monthly updates on fundraising and an ongoing audit at it’s website. Incoming president James Williams is a CPA and tax attorney. He takes over from the retiring Hazel O’Leary February 1st.