Saint Augustine’s University filed for Chapter 11 bankruptcy as its accreditation situation worsens, according to a dive brief from Inside Higher Ed. The university’s governing board said the filing is aimed at “long-term success,” announcing a presidential transition and stating it will drop its lawsuit against its accreditor. The university signaled that it will move forward without accreditation in the near term, offering teach-out options for current students and developing nondegree certificates and apprenticeship programs while pursuing a pathway toward reaccreditation. The bankruptcy filing matters because it can disrupt institutional operations tied to federal financial aid eligibility. Details in the reporting indicate Saint Augustine’s had $50 million to $100 million in liabilities with assets between $100 million and half a billion at the time of the filing, and it relied in part on support from its primary lender, Self-Help Ventures Fund, following earlier debt relief tied to governance changes. The next steps will determine whether the institution can stabilize financially while navigating compliance risk during the teach-out period.