Former Chicago Public Schools CEO Paul Vallas on his new appointment to the board of beleaguered Chicago State University.

Chicago State University

What's behind the $600,000 severance package for the president of cash-strapped Chicago State University? And why was the president asked to leave after just nine months?

Chicago State University Trustees voted 6-1 to accept the resignation of President Thomas Calhoun after only nine months on the job, and OK’d a $600,000 severance package for him.

Thomas Calhoun

More drama at financially strapped Chicago State University: The president is out after only nine months on the job. Why students and faculty members say they are livid, and why they believe political patronage is the culprit.

Gov. Bruce Rauner signed legislation Monday to help public universities and community colleges that have seen their financial foothold slip during Illinois’s unprecedented budget impasse. 

Gov. Bruce Rauner approves emergency funding for higher education in Illinois. But is it enough to keep Chicago State University and others afloat? 

State lawmakers return to Springfield this week to vote on a number of measures, but not on the agenda is the No. 1 topic of discussion—the state budget that should have gone into effect last year.

Hear what viewers had to say about Paris Schutz's interview with Mayor Emanuel, our report on Cook County's dip in population and Chicago State University facing closure due to the state budget standoff when we read feedback from the "Chicago Tonight" website, and our Facebook and Twitter pages.

It has already cut its school year short and is now warning of hundreds of layoffs. Chicago State University's chancellor says the school is in shock because the state budget stalemate has starved it of funding. But is the 150-year-old school in danger of closing? 

Like a planet drifting into a black hole, the state’s unprecedented political stalemate over the budget is increasingly sucking public education into financial uncertainty. State lawmakers discuss the fight over public education and Gov. Bruce Rauner's budget ultimatum.

Amid the budget stalemate, many public universities have been operating without funding from the state. Chicago State University has gone most of the fiscal year without a third of its budget. CSU President Thomas Calhoun Jr. tells us what's at stake.

Chicago State University is no stranger to fiscal dramas and failures. Now the Board wants to boot the university’s latest president, Wayne Watson. But Watson is fighting back. He joins us to share his side of the story.