According to Fisher president, Gerard Rooney, the college became aware of the video on Friday morning and immediately announced the suspension of the squad afterwards.
“The College learned of a video that was posted on social media showing some members of the College’s cheerleading team using discriminatory language,” Rooney wrote in a letter to the students.
“As a campus community, we will not support acts or behaviors that are not consistent with the values espoused in our mission statement and in the Fisher Creed.”
The college has also launched an investigation into the conduct of the members according to rules laid out in the student code of conduct.
Earlier this year, Papa John’s founder John Schnatter also found himself in the midst of controversy for using the N-word during a media training conference call. This prompted Purdue University to return the $8 million donation from Schnatter and to remove Schnatter’s name from its economics research center.
Later on, Ball State University also severed ties with the businessman and returned money donated by his foundation.