Saturday, December 9, 2017
CHEYNEY UNIVERSITY STRUGGLES TO STAY AFLOAT DESPITE AID RECEIVED - Nicholas Russo, the Stroud Courier
The Pennsylvania’s state university system promised to forgive $30 million in loans from Cheyney if it can manage to maintain a balanced budget over the next four years. “They have to submit a balanced budget if they want their accreditation to be continued,” said Kenn Marshall, a spokesperson for the Pennsylvania State System of Higher Education (PASSHE). Cheyney University has been struggling for the past few years to keep its doors open. Due to lack of enrollment, the university has been losing millions of dollars, which has resulted in them being put on probation by the commission board. If Cheyney University fails to submit a budget by Sept., students will lose the opportunity for state and federal aid.
http://thestroudcourier.com/2017/11/30/cheyney-university-struggles-to-stay-afloat-despite-aid-received/