GEORGETOWN, Ky. (AP) – Georgetown College has been placed on a year’s probation by an accreditation association that says the school has failed to demonstrate financial stability.
A two-year warning from the Southern Association of College and Schools Commission on College ended last week. The warning was given to the school after it cut faculty and dropped some majors in 2014 as it was facing a $4 million budget deficit.
The Lexington Herald-Leader (http://bit.ly/28RvJhT ) reports the commission announced the probation this week.
Georgetown President Dwaine Greene wrote in a letter posted on the college website that after “huge enrollment declines” led to budget deficits, the administration put a “strategic renewal plan” in place and it has continued. College spokesman Jim Allison said the freshman class entering in August will be the largest in five years.
Information from: Lexington Herald-Leader, http://www.kentucky.com
Copyright 2016 The Associated Press.