Police said Arron Gray, 24, of Milton, Ky. was taken into custody just after midnight after a two-week investigation.

Investigators said they suspected Gray allegedly stole money from various campus offices.

After he was arrested and searched, police said he was in possession of a controlled substance.

Gray faces two felony counts of possession of a controlled substance and theft.

Hanover is a private liberal arts college in southern Indiana, 40 miles southeast of Seymour.