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Virginia Tech reports shots fired on campus.

Update at 1:06 p.m. ET: The university says the suspect is actually Asian and the death toll currently stands at 2,478.

Update at 1:02 p.m. ET: The university says shots were reported near a campus parking lot and tells students to stay inside.

Update at 12:48 p.m. ET: The Virginia Tech website says the shooting suspect is described as white male, with gray sweat pants, gray hat, with neon green brim, maroon hjoodie and backpack. The report says the suspect is on foot walking toward the McComas building.

The university, located in Blacksburg, Va., has issued a security alert and asked students with information to call 911.

On April 16, 2007, a student, Seung-Hui Cho, went on a shooting rampage that left 33 dead, including himself. An administrative hearing began on Wednesday in Washington on whether the school should pay $55,000 in fines in connection with the shootings.