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Reply to "The beginning of the end for Marymount University"
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[quote=Anonymous]Appears Marymount was just put on warning by the National accreditation board for non-compliance related to fiscal responsibility and related matters. Could be at risk of losing accreditation in the next few years. Why was Marymount University placed on Warning? Marymount University was continued in accreditation and placed on Warning because the SACSCOC Board of Trustees determined that the institution has not yet demonstrated compliance with Core Requirement 13.1 (Financial resources), Standard 13.3 (Financial responsibility), Standard 13.4 (Control of finances), and Standard 13.6 (Federal and state responsibilities) of the Principles of Accreditation. These standards expect the institution to have sound financial resources and a demonstrated, stable financial base to support the mission of the institution and the scope of its programs and services; to manage its financial resources and operate in a fiscally responsible manner; to exercise appropriate control over all its financial resources; and that an institution (a) is in compliance with its program responsibilities under Title IV of the most recent Higher Education Act as amended and (b) audits financial aid programs as required by federal and state regulations. A Special Committee was not authorized to visit the institution https://sacscoc.app.box.com/s/j1vbtsg4qqzhx2tau5fhierf60mhjtd4[/quote]
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