bernard
THEE Realist
Paine could get additional year to fix financial problems
By Tracey McManus
Staff Writer
Friday, June 22, 2012 8:03 PM
Paine College could have an additional year to get its financial house in order if it does not come into compliance with its accrediting body by the end of its 12-month warning period, the accreditation association’s president said Friday.
Belle Wheelan, the president of the Southern Association of Colleges and Schools’ Commission on Colleges, said that sanctions are used as a tool to push schools to correct their mismanagement but that revoking a school’s accreditation is not the first choice.
“It’s not a good thing to have a sanction hanging over your head as an institution, so we want them to clean it up as quickly as they can,†Wheelan said, adding that schools cannot be out of compliance for more than two years. “We’re not trying to put people out of business; we’re trying to make them better.â€
Paine received a 12-month warning sanction Thursday from the association for breaking various compliance standards dealing with management and stability of finances.
Losing accreditation can have devastating consequences for schools, said Jan Wheeler, the University of Georgia associate director for accreditation in the office of academic planning.
http://chronicle.augusta.com/news/e...onal-year-fix-financial-problems?v=1340416780
By Tracey McManus
Staff Writer
Friday, June 22, 2012 8:03 PM
Paine College could have an additional year to get its financial house in order if it does not come into compliance with its accrediting body by the end of its 12-month warning period, the accreditation association’s president said Friday.
Belle Wheelan, the president of the Southern Association of Colleges and Schools’ Commission on Colleges, said that sanctions are used as a tool to push schools to correct their mismanagement but that revoking a school’s accreditation is not the first choice.
“It’s not a good thing to have a sanction hanging over your head as an institution, so we want them to clean it up as quickly as they can,†Wheelan said, adding that schools cannot be out of compliance for more than two years. “We’re not trying to put people out of business; we’re trying to make them better.â€
Paine received a 12-month warning sanction Thursday from the association for breaking various compliance standards dealing with management and stability of finances.
Losing accreditation can have devastating consequences for schools, said Jan Wheeler, the University of Georgia associate director for accreditation in the office of academic planning.
http://chronicle.augusta.com/news/e...onal-year-fix-financial-problems?v=1340416780