Kentucky State University

J. Tyler Franklin

Kentucky State University will run out of money in March without assistance from the legislature, according to state higher education officials.

The historically Black university in Frankfort has struggled financially for years, but recent review by the Council on Postsecondary Education showed that KSU’s spending far outpaced its revenues since 2019.

The university has been under state oversight since its former president, M. Christopher Brown, resigned amid growing concerns about KSU’s financial health and several lawsuits accusing officials of misconduct.

Clara Stamps, KSU’s acting president, said the university is getting back on track and trying to create a culture that encourages accountability.