Bennett College has lost its accreditation despite earning millions from a widely publicized fundraising effort.

The historically Black women’s college originally lost its accreditation from the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) on December 9 but appealed the decision, according to WXII.

The Appeals Committee upheld the decision and snatched the college’s credentials on February 18, according to FOX8. In its decision, the committee wrote the HBCU had failed “to show that the institution possesses resources demonstrating a stable financial base to support the mission and scope of programs and services."

The SACSCOC publicly announced its decision on Friday. In that announcement, the Appeals Committee said it did not consider “additional financial information made available after December 9, 2018,” meaning the $9.5 million raised from the fundraiser did not matter.

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Additionally, the SACSCOC claimed Bennett isn't eligible for probation, as the organization argues the school has already exhausted its two-year probationary period.

The update was a blow for Bennett supporters:

The school was able to raise money from 11,000 donors after it went public with its accreditation troubles in December, as Blavity reported.

There is still hope for the institution, however. Bennett President Phyllis Worthy Dawkins once said the school would find another accreditor if it was dropped by the SACSCOC.

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