The accreditor said Mary Baldwin failed to meet the commission’s financial responsibility standard.

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The Southern Association of Colleges and Schools Commission on Colleges placed Mary Baldwin University on probation for good cause for 12 months, according to a disclosure statement released last week, putting the institution at risk of losing its accreditation.

The private university in Virginia has been under monitoring for two years and showed progress toward complying with the accreditor’s standards, according to the disclosure notice. But Mary Baldwin hasn’t made enough progress. The accreditor said in the statement that the university failed to meet the commission’s financial responsibility standard, which outlines the expectation that an institution manage its financial resources and operate in a fiscally responsible manner.

Students’ degree and enrollment status and financial aid remain unaffected, according to frequently asked questions on Mary Baldwin’s accreditation page. The university’s president, Todd Telemeco, said in a June 26 statement provided by SACS that Mary Baldwin “takes pride” in its progress and is committed to complying with all of the accreditor’s standards.