Keystone College in ‘Danger of Imminent Closure,’ Accreditor Says

Keystone College, in Pennsylvania, has until Aug. 1 to prove compliance with accreditation standards — or risk losing access to federal student aid and potentially closing. The Middle States Commission on Higher Education last week issued the private nonprofit a show-cause order — a final warning before MSCHE could pull accreditation. Keystone will need to supply its accreditor with a multi-year budget and an independent audit “confirming financial viability,” among other requirements. The financially struggling college has already provided MSCHE with a requested teach-out plan, documentation which helps students finish their degree elsewhere in the event the institution closes. The college said it’s in negotiations with a potential “investment partner” after plans to be acquired by a nonprofit fell through.