Shaky finances putting Chicago State accreditation at risk

CHICAGO (AP) — The agency that oversees Chicago State University's accreditation says the college's status is in jeopardy due to its precarious financial state caused by the budget impasse in Springfield.

Chicago State declared a financial emergency earlier this year, laying off more than 300 administrators and staff after the spring semester ended.

Calhoun acknowledged the agency's sanction could impact student enrollment, which is projected to drop about 20 percent this fall from 4,500 students last year.