THE CASH STUFF FOR AUGUST 27, 2026

 ST. AUG WILL NOT OFFER

ANY EDUCATION CLASSES

THIS FALL

By Cash Michaels

Contributing writer

After 158 years in the business of teaching Black students degreed courses, St. Augustine’s University (SAU) in Raleigh is now a literal shell of itself, having lost its accreditation and filed for bankruptcy.

Now add one more log to the burning fire. The small, historically Black Episcopalian university, which did not conduct on-campus classes last semesters, preferring instead to conduct non-degreed courses online, this fall won’t even do that.

SAU will not offer any educational classes at all this semester. The school had planned to offer eight online classes in artificial intelligence, public health and computer programming at between $1,100 and $4,500 each. But now, according to SAU, that won’t happen.

All of this is the result of a fiscal restructuring at the school after SAU announced last April it would enter a voluntary Chapter 11 process and end its legal fight to restore its permanent accreditation.

On August 20th, SAU Attorney Clara Rogers told US BankruptcyJudge David Warren that not going through with the online classes and educational programs would help reduce payroll and other expenses.

Judge Warren responded by saying SAU is “essentially closed.”

Published reports note that SAU is still considering ways to monetize its 105 acres in real estate, value at $200 million.

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