Shake-up at Pace University

The president of Pace University, David Caputo, is resigning today, a spokesman for Pace University confirmed. A statement about Caputo's resignation will be sent out shortly, the spokesman said. According to a reader, the school will name Stephen Friedman as the interim president.

The school was among the many caught up in Attorney General Andrew Cuomo's investigation into the student loan scandals, but it's unclear right now whether that had anything to do with Caputo's resignation.