Saint Augustine’s University files for Chapter 11 bankruptcy
Saint Augustine’s University has filed for Chapter 11 bankruptcy, citing mounting debt.
Court filings show the school owes between $50 million and $100 million to creditors. In a statement, the university called it a voluntary move to help stabilize and rebuild its financial future.
The school also says it’s ending its legal fight over accreditation, signaling a major shift after more than two years of trying to keep that status.
