Bennett College in Greensboro is in danger of losing its accreditation. The private women's school has been on probation for the last two years.
The Southern Association of Colleges and Schools Commission on Colleges announced on Tuesday Bennett faces the loss of its accreditation after years of financial and enrollment struggles.
According to the News and Record, a commission official says Bennett is out of compliance with a rule requiring colleges to have sound financial resources and a stable financial base.
Enrollment has dropped nearly in half since a similar crisis in 2010.
Bennett President Phyllis Worthy Dawkins says she will appear at a hearing in February in hopes of convincing the commission to reverse its decision.
The college will remain open and accredited in the meantime.
Bennett is one of just two historically black colleges for women in the nation.