COPY-Accrediting group gives Florida A&M ultimatum for accounting woes - Fox29 WFLX TV, West Palm Beach, FL-news & weather

COPY-Accrediting group gives Florida A&M ultimatum for accounting woes

Associated Press - June 22, 2007 4:24 PM ET

TALLAHASSEE, Fla. (AP) - Florida A and M University has six months to clean up its troubled financial situation or lose its accreditation.

The sanctions by the Atlanta-based Southern Association of Colleges and Schools come just ten days before James Ammons returns to his alma mater to take over as president. The association says Florida A and M is not in compliance with several of its regulations.

Without accreditation, students are typically not eligible for financial aid not to mention the damage it does to an institution's reputation.

The association has been in business since 1895 and accredits roughly 800 colleges and universities in eleven Southern states and some in Latin America.

In a statement the school says officials have planned a press conference for next week after it receives official written notice from SACS.

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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