PHILADELPHIA (CBS/AP) — Drexel University has dropped a donor’s name from its law school as it seeks additional benefactors for the program.

Officials said in a statement Monday that the Earle Mack School of Law will now be known as the Drexel University School of Law.

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The university named the school for Mack in 2008 after he donated $15 million. Mack is a businessman, arts advocate and former U.S. ambassador to Finland who graduated from Drexel in 1959.

Officials say the climate for legal education has recently become “very challenging.” They say the school will require “an economic foundation beyond what was established by his gift.”

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A spokeswoman for the private university in Philadelphia declined to comment further. Mack could not immediately be reached for comment.

Meanwhile, the Chronicle of Higher Education released a report on Monday that ranked Drexel’s president, John A. Fry, the 41st highest paid college president. Fry makes over $1 million a year.

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