INDIANAPOLIS (AP) — An accrediting agency is keeping Indiana's only predominantly black institution of higher learning on probation amid continuing concerns about unstable finances.
The Higher Learning Commission said in a decision released this week that Martin University "remains in a financially precarious position." The Indianapolis Star reports the university has been on probation since February 2014.
The accrediting agency said the Indianapolis school must show improvements in finances by August 2016, prior to a decision on probation status scheduled for February 2017. The school says its funding comes mostly through enrollment, which has been in decline.
The agency said in its decision that Martin University has made improvements in academics, including raising low student retention rates.
Accreditation helps students transfer credits between institutions and allows schools to qualify for federal financial aid.