Middle States Commission on Higher Education

The school, which straddles the border of Lackawanna and Wyoming counties, is now owned by the 2-year-old Washington Institute for Education and Research in Washington, D.C. An accrediting agency says financially struggling Keystone still has a lot to prove when it comes to long-term viability.

Keystone College in La Plume Twp. is rebuilding after a year of uncertainty. The 157-year old institution, situated between Lackawanna and Wyoming counties, is a small private nonprofit college that serves a diverse population of students.

The school in Lackawanna and Wyoming counties can remain open and recruit students again.

A final decision on accreditation is expected in March or April. Without accreditation from the Middle States Commission on Higher Education, Keystone would close.

New accrediting agency post says school still hasn't figured out how to demonstrate its long-term viability, among other things.

School says identity of partner brought on to boost finances should become public before classes start

The Middle States Commission on Higher Education says college must prove its financial viability by Aug. 1

Accrediting agency tells Keystone College to plan to help students in case closure is necessary. College says planning doesn't mean closing or reducing degree programs is certain