Saint Augustine’s University has filed for Chapter 11 bankruptcy protection after accreditation problems threatened its financial stability and federal aid eligibility. The university said the filing is intended to help it address “current financial challenges” and move forward with a stronger foundation, including a presidential transition. The report notes the institution will automatically lose eligibility for federal financial aid and therefore current students will need teach-out or alternative pathways at other institutions. The university indicated it would drop its lawsuit against its accreditor and develop nondegree certificates and apprenticeship programs while pursuing a pathway toward reaccreditation. Bankruptcy is described as a rare move for colleges, and the coverage emphasizes that it often triggers a financial-destabilization cascade—particularly when federal student aid eligibility is at stake. The case also includes a role for Self-Help Ventures Fund, which supported debt relief and help with workforce obligations tied to the university’s restructuring decisions.