GREENSBORO, N.C. -- Bennett College will keep its accreditation after filing a lawsuit against The Southern Association of Colleges and Schools Commission on Colleges.

  • The college in Greensboro lost its accreditation in December over financial issues
  • Since then, the college launched a campaign and raised $9.5 million
  • Despite those efforts, the appeals board said the school “failed to show that the institution possesses resources demonstrating a stable financial base”
SACSOC announced Friday its appeals committee rejected Bennett's request to reconsider the decision to revoke its accreditation.

When the school lost its accreditation in December over financial issues, it launched a campaign to raise $5 million in conjunction with its appeal. It ended up raising $9.5 million.

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The appeals board says the school “failed to show that the institution possesses resources demonstrating a stable financial base.”

The school later filed a lawsuit against the SACSOC and it will remain accredited during the court proceedings. Officials moved for a temporary restraining order to prevent the school's accreditation from being revoked.

"We are so thankful for the Bennett College family, our Board of Trustees, Bennett alumnae and our friends and neighbors for their continued support of this great institution," Bennett College President Dr. Phyllis Worthy Dawkins.