Saint Augustine’s University filed for Chapter 11 bankruptcy protection after accreditation-related financial challenges, triggering a high-stakes restructuring plan while it signals it will pursue teach-out and alternative pathways for students. The historically Black university said the filing is a deliberate step to support “long-term sustainability” and a presidential transition. The bankruptcy filing also threatens immediate federal financial aid eligibility, a risk the university acknowledged indirectly through its stated plan to offer completion options at other institutions and explore nondegree certificates and apprenticeship programs while “building a pathway toward reaccreditation.” In related reporting, Self-Help Ventures Fund was identified as a primary lender and a financier that brokered debt relief earlier, including conditions involving board leadership changes. The bankruptcy follows emergency board meetings in April and comes with reported liabilities in the $50 million to $100 million range. For higher education administrators and students, the filing highlights the operational consequences of accreditation and aid eligibility risks—forcing rapid contingency planning for enrollment continuity, student support services, and academic scheduling.