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The university said it will remain open and is pursuing an "arbitration process."
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The Trump administration's "Dear Colleague" letter comes at a time when N.C. universities are already paring back their diversity efforts.
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The Peace Pledge will cover 100% of tuition expenses for North Carolina students coming from households earning less than $75,000
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Carnegie announced the new classifications on Thursday, using new criteria that greatly expanded the number of institutions classified as "R1".
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North Carolina's top research universities could lose millions of dollars in support if a Trump administration revision to funding from the National Institutes of Health holds up.
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The executive orders have sent the research community into a state of confusion, concern, and anxiety. Meanwhile, some of the most powerful higher education system leaders in North Carolina have remained silent.
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The private HBCU has $32 million in debt, an ongoing battle with the IRS, and an upcoming appeal hearing to maintain its accreditation.
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The private HBCU signed a multimillion-dollar loan agreement in a last-ditch effort to save the university. Saint Augustine's faces severe financial problems and is fighting to maintain its accreditation.
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The private HBCU had been on probation for two years after failing several of its accrediting agency’s financial standards.
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The eliminations include faculty, staff and adjunct positions. The private HBCU has faced several financial challenges this year amid a fight to retain its accreditation.