One Of America’s Oldest HBCUs Just Filed For Bankruptcy. Here’s What It Means For Students

Essence Magazine:

By Kimberly Wilson ·Updated April 29, 2026 Getting your Trinity Audio player ready…

For nearly 160 years, Saint Augustine’s University sat on 105 acres in downtown Raleigh as a cornerstone of Black higher education in the South. This week, the school filed for Chapter 11 bankruptcy, dropped a years-long legal fight to hold onto its accreditation, and announced yet another leadership change. 

For the students still enrolled, it means one thing above

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