Accrediting Body Sanctions Virginia Union University over FinancesJuly 25, 2012 |
RICHMOND, Va. – An accrediting body has put Virginia Union University on warning because of failure to comply with three core financial standards.
The Southeastern Association of Colleges and Schools’ Commission on Colleges says there are deficiencies in the university’s control over its financial resources. There also are deficiencies in the university’s control over externally funded or sponsored programs and research.
Virginia Union also failed to comply with federal Title IV student financial aid requirements.
The commission will review Virginia Union’s accreditation in December.
University President Claude G. Perkins tells The Richmond Times-Dispatch that the school is working with its auditing firm. He says school officials are confident that improvements will result in the warning being removed at the end of the year.