If you are in higher education, you know the financial situation is not good at many colleges and universities. But it is particularly ominous at one Illinois university.
The university’s Board of Trustees will meet on Friday to vote on Mr. Calhoun’s separation agreement. Mr. Calhoun is paid about $300,000 a year.
The president’s departure comes at a tough time for the historically black university. The Illinois legislature’s failure to pass a budget has left public colleges scrambling for funds.