Bennett College has been removed from a six-month probation for financial instability by the Southern Association of Colleges and Schools .
The college was placed on probation in June for incidences in 2010, said Julianne Malveaux, Bennett’s president. She said those instances were one-time occurrences that were not systemic issues that affected the college’s future fiscal outlook.
Bennett was able to demonstrate its financial stability in October to a SACS team that reviewed records and spoke with the college’s stakeholders, Malveaux said.
“I was elated to receive the official notice that by action of the SACS Board of Trustees, Bennett College has been removed from probation,” Malveaux said in a statement. “As part of the college’s five-year report, we must evidence continued compliance with the SACS principle on financial stability.”
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