School officials at Chicago State University (CSU) say the future of the largely African-American college is in jeopardy because officials cannot pass a budget to get the school the funding it needs.

According to the Huffington Post, CSU officials says the reserve funds will run out by March 1, more than two months before the end of the current semester. CSU relies on the state for approximately 30 percent of its budget, or about $36 million.

CSU is a member-school of Thurgood Marshall College Fund (TMCF), which is a non-profit, tax-exempt charitable organization that supports and represents 47 member-schools with a total of over 300,000 students among them.

If the school is closed, degrees will not be handed out, but students will still be left with loan debt if they took them out.

“The current budget situation is historically unprecedented and therefore makes it very difficult to predict exactly how it will eventually be resolved,” CSU President Thomas Calhoun Jr. said in a Jan. 14 memo to staff and students.

Calhoun said the financial issues “may lead to a massive disruption of services.”

CSU spokesman Tom Wogan said everyone at the school is dealing with the issue “day by day.”

“We have to get to the end of the semester one way or the other,” Wogan said Sunday. “We have a moral, legal and ethical obligation to do that.”

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  • CoolChic

    What about donations from its alumni?? What happened to them?

    • Brad

      Chicago also has a lot of well off black politicians and citizens that should be able to help out as well.

  • [email protected]

    I feel sorry for the university of CSU. The great commenters here once again brought up excellent points about how well know black people in Chicago including the TCMF can aid in the university’s budgetary crisis. This crisis has been exacerbated, because of the great recession and other economic issues. We love HBCUs a great deal and we want our black institutions to shine. I hope that this problem is rectified, so students and faculty can finish their semester fully.

  • Chazz A

    The recent infighting and corruption at CSU, not to mention Gov. Rauner’s refusal to sign a budget, may be a key sign of its demise and if that is the case, its a damn shame!
    The students deserve better. 40 percent are the first in their families to attend college and most come from poverty stricken households.
    Needless to say, a shutdown would a complete disaster!

  • Whitney’s Receipts

    Jesus, my sister attends this school. So this is all too real. As another commenter said, we’ve got a republican governor refusing to make moves that could stop this but at the same time, the previous school president didn’t do the students any favors either. It’s a mess all around. ☹️

  • yoda

    I hope they get the funding they need. When schools close before people get their degrees, it really messes things up. If the school does close, I hope students can have the federal loans forgiven 😕