(GREENSBORO, N.C.) -- Today, Bennett College made the announcement they have one more year to get everything in order with their finances.

The HBCU women's college announced the Southern Association of Colleges and Schools Commission on Colleges has put them on probation, with good cause, for the next 12 months.

Bennett College has done a lot of things in the past year to get this extra year of probation.

Donations, and attendance are up.

However, there is still work to do.

While attendance is sitting at 410 students, leaders at Bennett say to get off probation they need to raise 4 million dollars, and have an enrollment of at least 450 students by next school year.

If they don't, this could be the end of Bennett College, which is why this next year is so dire.

"Very important to the survival of Bennett. Very important to what we want to do to implement our strategic goals, very important to the lives of students currently at Bennett, and the ones we're trying to recruit. So, it is very important to our basic survival," said President Dr. Phyllis Worthy Dawkins.

President Dawkins says she is very confident they will meet their goals, and they are reaching out to individuals, organizations, businesses, and the Greensboro community in general -- so they can keep this institution alive.