Paine College - SACS Warning

SACS Warning

Recently Paine college received a "warning" from the Southern Association of Colleges and Schools:"Paine College was placed on Warning because the Commission’s Board of Trustees determined that the institution had failed to demonstrate compliance with Core Requirement 2.11.1 (Financial Resources), Comprehensive Standard 3.2.8 (Qualified Administrative/Academic Officers), Comprehensive Standard 3.10.1 (Financial Stability), Comprehensive Standard 3.10.3 (Control of Finances), Comprehensive Standard 3.10.4 (Control of Sponsored Research/External Funds), and Federal Requirement 4.7 (Title IV Program Responsibilities) of the Principles of Accreditation. These standards expect an institution to provide evidence that it (1) has a sound financial base and a recent financial history demonstrating financial stability, (2) exercises appropriate control over all its financial resources, (3) maintains financial control over externally funded or sponsored research and programs, (4) complies with its program responsibilities under Title IV, and (5) employs qualified administrative and academic officers. (To read the full statement for the standards cited above, access the Principles of Accreditation at http://www.sacscoc.org/principles.asp.)" The warning period will extend to June 2013 and then the SACSCOC Board of Trustees will consider the accreditation status of Paine College following review of audits and financial statements, a First Monitoring Report submitted by the institution addressing the items outlined above for non-compliance, and the report of a Special Committee that will visit the institution in spring 2013. The Board will have the following options: (1) remove the institution from Warning without an additional report or with a Fifth-Year Follow Up Report; (2) continue Warning and request an additional report; (3) continue on Warning or place the institution on Probation, authorize a Special Committee, and request an additional report; or (4) remove the institution from membership with the Commission on Colleges