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Chicago State University

Shaky finances putting Chicago State accreditation at risk

The agency that oversees Chicago State University's accreditation says the college's status is in jeopardy due to its precarious financial state caused by the budget impasse in Springfield.

Chicago State officials were informed of the Higher Learning Commission's views in a July 11 letter.

"The university continues to have diminished financial resources and is accounting in its planning for continued diminution of its resources in the near future," the agency wrote. It added that as of the date of the correspondence with the university, the Illinois Legislature hadn't passed a comprehensive state budget, making the school's financial challenges and lack of...

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