Financial Gifts, HBCUs and Accreditation

February 17, 2021

HEADLINES

Multi-Million Dollar Gift from Mackenzie Scott Helps HBCUs Envision What's Possible (Diverse Issues in Higher Education, February 15, 2021) "'One of the issues our HBCUs have is that they often don’t have the endowments that some of the other institutions have, so that when they get into financial trouble they don’t have something on which to fall back,' says Dr. Belle S. Wheelan, president of the Southern Association of Colleges and Schools Commission on Colleges. SACSOC is the regional accrediting organization serving many of the HBCU recipients of Scott’s gifts."

'We're Not Worried at All': Warner University Confident It Will be Lifted from Probation (The Ledger [Florida], February 13, 2021) "Warner University has been operating for more than two years under the threat of possible lost accreditation, but the school’s president is confident that cloud will lift this summer."

Cardona Takes Step Toward Confirmation (Inside Higher Ed, February 12, 2021) "Miguel Cardona, President Biden’s nominee for education secretary, took a major step Thursday toward his likely confirmation by the Senate. Six Republicans joined 11 Democrats in supporting Cardona, as the Senate education committee voted to back the nomination, 17 to 5."

Biden Pressed to Crack Down on Troubled College Accrediting Body Saved by Trump (Yahoo Finance, January 27, 2020) "A troubled college accrediting agency that was disempowered by the Obama administration and given a lifeline by the Trump administration is now under pressure from career Education Department officials who are urging the Biden administration to reimpose the crackdown."