NEW ORLEANS (AP) - Loyola New Orleans has been placed on probation by an accrediting organization that says it’s concerned about the school’s finances.
News outlets reported the Southern Association of Colleges and Schools Commission on Colleges ordered a one-year period of probation.
The school issued a news release Monday saying the probation came after the commission reviewed Loyola’s previous financial problems, not its current situation.
Loyola President Tania Tetlow said the agency decision should help ensure the campus stays within its “balanced budget this fiscal year.” Tetlow pointed out the school is on target almost halfway through the year.
The school says the decision won’t affect Loyola’s academic programs, scholarships or financial aid.
The agency’s decision comes as Loyola works to close a budget gap with new revenue from increased enrollment and retention.
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