Georgia Perimeter College could face sanctions, warnings or additional monitoring because of ongoing financial problems when its accreditation agency does its review, according to the school’s interim leader.

The metro Atlanta college’s interim President Rob Watts made the comments to faculty and staff Monday.

Watts said financial challenges faced by the two-year college are continuing, but "the future of the college and its campuses is not in doubt."

Georgia Perimeter is the state's third-largest public college, teaching nearly 27,000 students at sites in Alpharetta, Clarkston, Covington, Decatur and Dunwoody.

Earlier this year, Georgia Perimeter announced the layoffs of nearly 300 workers as it copes with a budget shortfall.

Tags: SACS, Southern Association of Colleges and Schools, SACS accreditation, Georgia Perimeter College, financial crisis