Dianne Boardley Suber, president of St. Augustine’s University, said Friday that she would step down as the Raleigh campus battles financial problems, declining enrollment and departures of top administrators.
“After much thought and consideration and – and prayer, I have decided to announce my retirement and leave the Presidency of Saint Augustine’s University at the end of May 2014,” she said in a statement late Friday. “These last 14 years at the helm of this wonderful institution have been both challenging and rewarding. I trust that my legacy will affirm that I ‘left it better than I found it.’ ”
The announcement capped a week of tumultuous revelations. The Southern Association of Colleges and Schools, the accrediting body, was reviewing the school because of its financial condition. Also, federal agencies are probing the university’s handling of grants.
St. Aug’s, a historically black institution founded in 1867, had been troubled for months, with administrative turnover, staff cuts and an audit last fall that showed a $3 million drop in tuition revenue.
