In the latest chapter in the history of Texas Southern, the school is set to face a $3.7m budget shortfall.
The shortfall comes after a tumultuous year of upheaval at the school that saw the departure of three of its leading figures, including president John J. Gough Jr. and provost Joe Littles.
Now, the university is scrambling to close a $15m gap that will leave it with just $3m in its $1.3bn annual budget.
The cuts come as the school faces mounting pressure from the Texas Legislative Council to slash the size of its budget, amid an unprecedented rise in enrolment and a rise in debt.
In a press conference on Monday, Gough announced that the university was going into “active planning mode” to close the $3 million deficit and begin paying back debt.
The school has been working to get debt-free by paying off loans, and the state will cover the rest of the shortfall through its $5bn general fund, which has been hit hard by the recession.
Grief has been heavy at Texas Southwestern, with students leaving in droves.
It is also facing a new reality on campus: the death of its founder, whose name was Robert E. Smith.
The campus had been on fire for more than a decade, but when Smith died on December 31, 2009, the flames died down.
The next day, Texas Southern announced that he had died of pancreatic cancer.
“Our family is devastated,” the university said in a statement.
“Mr. Smith was one of the most respected and well-respected teachers of his generation. “
He will be deeply missed by all who knew him.” “
Mr. Smith was one of the most respected and well-respected teachers of his generation.
He will be deeply missed by all who knew him.”
The university also announced that Smith had been diagnosed with liver cancer.
His death came just days after he announced that students would have the chance to take part in an online community called the Texas Student Exchange Program, or TSEP, in the coming weeks.
The university said it would also offer a scholarship program for students who are struggling to pay for their tuition.
“This program will provide funding to assist students in paying for tuition, to help them obtain employment, to support them in their search for a postsecondary education and to assist them in finding an affordable place to live in Texas,” the statement said.
“TSEP will provide students with the opportunity to receive financial support through a scholarship, which will be awarded to a student based on their financial need.”
The Texas Legislative Office of Economic and Community Development, which administers the state’s student aid program, did not immediately respond to a request for comment.
Texas Southern is a historically black institution in the state.
But for many of its students, the cost of living in the suburbs and the high cost of attending classes at the university have kept them in the city.
Many are struggling with a housing crisis, and students are being forced to move out.
In March, the US Department of Housing and Urban Development warned that Texas Southern was facing a “major housing affordability crisis” as a result of the recession and the student loan crisis.
In an analysis of student debt in the Dallas-Fort Worth metropolitan area, the agency estimated that Texas SouthWestern had $1bn in outstanding student loans and $1,000 for every household in the metro area.
For many students, moving out of the city to a better suburb would be cheaper than attending classes, which are often taught in classrooms that are not connected to the university.
A report from the American Association of University Professors last year found that Texas Southerners with undergraduate degrees earned less than the average income for white residents, and black residents earned less.
In May, the state of Texas announced a plan to reduce the state student debt-forgiveness program by 20 per cent over three years.