CHEYNEY — Cheyney University has been placed on probation over financial concerns raised by the association that accredits colleges and university.

The Delaware County university has two years to correct the issues raised by the Middle States Commission on Higher Education or face losing accreditation which would mean none of its students could get state or federal aid.

The university’s interim president, Frank Pogue, and the chancellor of the Pennsylvania State System of Higher Education, Frank Brogan, say they’re committed to fixing the problems. The school has been running a deficit and experienced a 30 percent enrollment drop this year.