“Preserving Our Mission” — Joint Message from Fernandes and Board Chair Chestnut (January 2025)
A joint email from President Jane Fernandes and Board Chair Shelby Chestnut, sent early January 2025 under the subject “Preserving Our Mission,” responding directly to the HLC’s November 2024 Financial Distress designation. The letter attributes the designation to FY2022–2023 audit findings that also triggered heightened cash monitoring (HCM1) with the Department of Education, frames the…