The board authorized extending up to $6 million to the university. Cheyney University may need another loan from the Pennsylvania State System of Higher Education as it awaits reimbursement for student aid from the federal government .
Cheyney has not needed system loans since 2018. According to its president, Aaron A. Walton, the school has balanced its budget over the previous four years. If a loan is required closer to the end of the fiscal year, the board will be notified.The potential need for a loan is the latest challenge for the university.
Probation is the second level of action that the commission takes against universities when it has concerns about the schools’ ability to reach compliance. Warnings are the least serious action, while “show cause” — when schools must prove they should keep their accreditation or lose it — is the most serious.
Cheyney University Loan Reimbursement Student Aid Federal Government Pennsylvania State System Of Higher Education
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