The college suffered “huge enrollment declines.”

Lexington Herald-Leader reports.

Georgetown College put on probation by accreditation association

A regional accreditation association has put Georgetown College on one year of probation because of the school’s non-compliance with financial standards.

The Southern Association of Colleges and Schools Commission on Colleges announced this week that Georgetown College “had failed to demonstrate compliance” with requirements on financial resources and stability.

“These standards expect an institution to provide evidence that (it) has a sound financial base and demonstrated financial stability,” according to a statement released by the association.