A group of Historically Black Colleges and Universities has launched the Association of HBCU Research Institutions (AHRI) to address key societal issues. AHRI will bring together 15 HBCUs to work towards achieving R1 status, the highest level of research activity under the Carnegie Classification of Institutions of Higher Education. This will be achieved by improving policy influence and boosting transformative discoveries at scale, according to a press release. “Today is not just an announcement, but a declaration that HBCUs are not only contributors to research and innovation, but also leaders
Saint Augustine’s University, a historically Black college, has filed for Chapter 11 bankruptcy protection, according to Bloomberg. Founded in 1867, Saint Augustine’s is one of the oldest historically Black colleges in the US, but has faced financial struggles in recent years. Earlier this month, the board of directors at the Raleigh, North Carolina-based school voted unanimously in favor of initiating the bankruptcy process, as per a resolution included with court documents. On Monday, the college listed liabilities of $50 million to $100 million and assets of $100 million to $500
