Saint Augustine’s University Files Chapter 11, Names Interim President, Outlines Plan to Rebuild and Reaccredit
RALEIGH, N.C. — Saint Augustine’s University is making one of the most pivotal moves in its history—one designed not to close doors, but to stabilize and rebuild. As financial pressures and accreditation challenges converge, university leaders say a structured reset is now underway to secure the institution’s long-term future.
Strategic Reset: Chapter 11 Filing
Saint Augustine’s University (SAU) announced it will enter a voluntary Chapter 11 restructuring process, a court-supervised approach aimed at reorganizing its finances while continuing operations.
- The decision was approved by the Board of Trustees
- The University will remain open and operating
- A formal plan of reorganization will be submitted to the court
University leadership described the move as a deliberate strategy to stabilize finances and protect SAU’s future.
“Chapter 11 provides a comprehensive path to address our financial challenges and move forward with a stronger foundation,” the Board stated.
Notably, SAU enters this process with backing from its primary lender, Self-Help Ventures Fund, signaling continued confidence in the institution’s recovery plan.
Accreditation Shift and Student Impact
In a significant development, SAU confirmed it will end litigation related to its accreditation status, with that process expected to conclude by May 15.
Instead, the University is pivoting toward:
- Teach-out agreements to help students complete degrees at accredited institutions
- Development of non-degree certificates and apprenticeship programs
- A long-term pathway toward reaccreditation
University leaders said the decision was made in coordination with accreditor SACSCOC to prioritize student outcomes and avoid prolonged legal costs.
Leadership Transition at the University
As part of this transition, SAU also announced a change in leadership:
- Interim President Dr. Jennie Ward-Robinson has stepped down
- Dr. Verjanis A. Peoples has been appointed Interim President
The Board expressed appreciation for Ward-Robinson’s service during a critical period and emphasized continuity moving forward.
Building a Path Forward
SAU officials say the restructuring process will involve broad collaboration with stakeholders, including:
- Creditors
- Donors
- Alumni
- Community partners
The University plans to create opportunities for supporters to play a more active role in its recovery and future direction.
A Legacy Institution at a Crossroads
Founded in 1867, Saint Augustine’s University has long served as a cornerstone institution, preparing students for leadership academically, socially, and spiritually.
Leaders say this moment represents not an ending—but a reset designed to preserve that legacy while adapting to current realities.
Conclusion
While the road ahead will require difficult decisions and sustained effort, SAU’s leadership is positioning the University for a more stable and sustainable future. Through financial restructuring, academic innovation, and stakeholder engagement, the institution is working to ensure its mission continues for generations to come.