"That's the surprise, that 20 years later, you're right back in the same situation," Rudley said, adding that he will make changes in personnel to help resolve the financial issues.
Rudley said he will also address the school's low graduation rate, possibly by hiring more academic advisers. Only 16 percent of TSU students graduate six years after starting as new freshmen, according to the most recent data.
Rudley said the school may have to change its policy of accepting any student who applies.
"The university was founded in 1947. It's now 2008," Rudley said. "We have to ask ourselves if that policy is relevant today."
--Associated Press
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