Saint Augustine’s University filed for Chapter 11 bankruptcy after financial pressure tied to accreditation problems, according to the institution’s board. The filing is intended to help the university restructure while signaling a presidential transition and a plan to provide teach-out options. The university said it would drop its lawsuit against its accreditor and would move forward without accreditation in the near term, including exploring nondegree certificates and apprenticeship programs. The bankruptcy filing also creates immediate federal student-aid eligibility risks—an often decisive factor for institutions attempting to keep enrollment stable. Saint Augustine’s said it had liabilities estimated between $50 million and $100 million with assets ranging from $100 million to half a billion, and it indicated support from its primary lender, Self-Help Ventures Fund, as part of broader debt-relief efforts.