State Audit Shows TSU Mismanaged Millions - Articles

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Posted by: Julia Wilburn on May 13, 2025

A state audit revealed that Tennessee State University (TSU) made repeated financial errors in fiscal year 2023, including overstating cash by $5.7 million and undercharging graduate students by $1.5 million. The report detailed 15 findings related to poor oversight, billing issues and mishandling of federal COVID-19 relief funds, which could require TSU to repay at least $85,000. The Nashville Post reports that TSU management acknowledged the seriousness of the audit and pledged to improve financial governance and staff training. The findings come amid long-standing underfunding of the university and a legislative overhaul of its board of trustees, with TSU proposing a financial stability plan that may include budget cuts and reduced scholarships.