Nashville, Tenn. – December 11, 2012 – Fisk University announced that the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) reaffirmed its accreditation for good cause and continued the institution on probation for another year. The Commission removed the finding regarding qualified administrative and academic officers.
Fisk continues to be eligible for federal, state and foundation contracts and grants and its students are eligible for financial aid and other forms of student support. The excellence of Fisk’s academic programs and institutional integrity were not questioned by SACSCOC. Our commitment to the University’s Strategic Goals, which are measured by outcomes in teaching, research and service, remains steadfast.
Fisk will address the remaining SACSCOC’s recommendations related to financial stability, adequate financial controls, a balanced budget and compliance with federal regulations through outcomes from our fiscal year 2013 audit .Evidence to support the University’s position that the five remaining recommendations have been addressed includes the timely completion of the fiscal year 2013 audit and evidence which demonstrates that adequate financial controls are in place, that revenues adequate to offset expenses have been raised during fiscal year 2013 (that ends June 30, 2013) and the University has complied with all federal regulations.
We are fully aware of the significant investment that families make to enable students to obtain a Fisk degree. Therefore, during the remainder of the fiscal year as we continue to address SACSCOC recommendations, the University pledges to continue providing the best education at the lowest possible cost. To ensure transparency, Fisk will publish monthly updates of fundraising progress and the status of the audit on our website (www.fisk.edu)