FSCJ president resigns position

JACKSONVILLE, Fla. -- Dr. Steve Wallace has left his position as president of Florida State College of Jacksonville amidst an investigation into the wrongful awarding of financial aid to some students.

A special board meeting was held Tuesday morning. Earlier this month, the board chair asked another board member to talk with attorneys about Dr. Wallace's contract.

Wallace was paid more than $300,000 a year under his four-year contract. It was due to expire in 2016. Local attorney Hank Coxe was also hired to consult on the case.