Magazine article Black Issues in Higher Education

Central State's Prognosis Looking Better

Magazine article Black Issues in Higher Education

Central State's Prognosis Looking Better

Article excerpt

WILBERFORCE, Ohio - Central State University, which has been engulfed in a financial crisis for several years, has made significant progress in efforts to rebuild itself, the head of the Ohio Board of Regents said this month.

"This university is in far better shape than it was in the last five years," Chancellor Elaine Hairston said.

Last year Central State was approximately $8.6 million in debt, and many had feared that Ohio's only publicly supported, historically Black school would have to close. But in June, the legislature agreed to fund the university for at least two more years.

In exchange for state support, the legislature required the school to meet certain conditions or face closure. Those conditions include raising admission standards and reducing the default rate on student loans. It also required that the university continue to be accredited by the North Central Association of Colleges and Schools, which is now in the process of evaluating the school's accreditation.

Central State's progress is being monitored by a committee consisting of several regents and members of Central State's board of trustees. …

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