UPDATED: 10:36 p.m. 3/30/16
CHICAGO (CBS) — A bad situation is getting even worse at Chicago State University, as school administrators have taken another drastic step in the face of devastating budget woes.READ MORE: Chicago Woman Lost Thousands To Unemployment Scammer, And She Wants To Know Why More Isn't Being Done To Get Money Back
If the school does not receive a large infusion of cash by April 30, it very possibly will have to begin massive layoffs.
The 150-year-old university is nearly out of money, and that means its 4,500 students are about out of time.
“They’ve already canceled our spring break. So we’ve been actually going through this already. So I’m very devastated at what’s happening at the school right now,” junior Enrico Gabino said.
Last month, CSU announced it was canceling spring break, and moving up the end of the spring semester from May to April, to make sure graduating students could get their diplomas before the school is possibly forced to shut down.