A historically Black university in North Carolina is the latest in a series of small schools to fall on hard times. 
Amid Chapter 11 bankruptcy proceedings, St. Augustine’s University is considering selling part of its 105-acre campus just outside of Downtown Raleigh. The university owes between $50M and $100M to creditors, ABC11 reported.
Its real estate holdings are valued at $200M and include the main campus near Downtown Raleigh and other parcels in Greensboro, North Carolina, Rome, Georgia, and Lawrenceville, Virginia, the Triangle Business Journal reported.
The main campus is encumbered by liens held by creditors, including the IRS. 
The school previously served more than 920 students, according…