Last month, President Dianne Boardley Suber stepped down under pressure. Earlier this year, an audit found a $3 million drop in tuition revenue. WNCN Investigates discovered enrollment at the school has declined by 27 percent.
The changes concern students, but they are still optimistic about their future.
"It changed the morale a little bit," said graduate Ebony Spencer. "It went down and we didn't really know what was going on there were so many rumors but we are still proud to be Falcons."
"We heard that things about our degrees might not be worth the same amount, but at the same time I think that St. Augustine's University is still prestigious and at the end of the day we all still go to class and excel in the classrooms," said graduate Ramaan Ansley.
School leaders said these setbacks won't cause them to lose faith. With the school year coming to a close, its back to business. Next week, officials will be discussing how to get the college back on track.
"Monday we will begin looking and looking at our organizational structure," said Everett Ward, the interim president. "We'll being looking at our financial stability and we will begin now that school has concluded and our students are moving on for the summer."
Ward hopes the school can move on from their misfortune, too.
"We are very optimistic," he said. "We have a very promising future and we are looking forward to St. Augustine's being here in business of educating leaders for many, many years to come."