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Lambuth University announced Thursday that the Southern Association of Colleges and Schools has denied an appeal of a decision to revoke its accreditation, The Jackson Sun reported. At the same time, however, the private university in Tennessee won a court injunction barring SACS from following through on its decision while a legal challenge is pending. The revocation of accreditation would mean that Lambuth students could no longer receive federal student aid. Lambuth has been suffering from serious financial difficulties for several years.