ASU Committee Discusses Financing, Accreditation
Alabama State University officials have outlined initial steps they plan to take to recover from a credit downgrade and are looking for more information on specific things the school needs to do to respond to warning from an academic accreditation agency.
The Executive Committee of the Board of Trustees met Wednesday afternoon. Chairman Elton Dean says he's assembled a group tasked with having weekly conference calls to discuss what the school needs to do to recover from its third credit downgrade by Moody's Investors Service within a roughly nine month period.
University President Gwendolyn Boyd says administrators are still waiting for a letter from the Southern Association of Colleges and Schools outlining what specific issues the school needs to work on to address the warning that was issued last month.