Florida A&M University has six months to straighten out its financial situation. The Southern Association of Colleges and Schools moves FAMU's accreditation to a probationary status. If the school loses accreditation, students who receive financial aid may no longer get government assistance.
"We only have been verbally notified of being placed on probation and that's totally different from being accredited. So we're trying to calm some of those fears," said Larry Robinson, Chief Executive Officer, FAMU.
State University System Chancellor Mark Rosenberg said the probation was not unexpected. In March, a task force was assembled to help FAMU reform its financial processes. And too many, once Dr. James Ammons takes over as president in July, the school will begin to see an upside.
"I think that's where it begins and I think that's where it's going to end. Dr. Ammons is on board. I think he's going to provide the leadership that's necessary to the student's process," said Alan Williams, President, Tallahassee Chapter of the FAMU Alumni Association.
The SACS Committee will visit FAMU in December where they will either give the school a clean bill of health and remove the probation, extend the probation for up to two years, give the school a warning [a mark more serious than probation] or strip the school of it's accreditation.