Saint Augustine's University, in North Carolina, is in talks with Saint Paul's College, in Virginia, to acquire the institution, The News & Observer [1] reported. Both institutions are historically black and were founded by the Episcopal Church. Saint Paul's lost its accreditation in June, [2] setting off concerns about the viability of the institution without its students being eligible for federal aid. (Accreditation has been restored by a court injunction.) If Saint Paul's became a part of Saint Augustine's, the former could operate under the accreditation of the latter.