11 Jul 2013

Accreditation of College of the Marshall Islands imperiled

1:36 pm on 11 July 2013

The College of the Marshall Islands has been placed on warning status by the U.S. Western Association of Schools and Colleges.

This comes four years after it was restored to full accreditation.

The warning focuses heavily on college finances and the need for a long-term financial plan to end years of budget deficits.

The College President, Carl Hacker, says it will try and resolve these finance matters and continue to improve its level of financial transparency with the government and public.

The College is required to budget and maintain a reserve fund for contingencies of at least five percent of unrestricted expenses.