NOT TRUE. The police will not face the slightest consequences for their actions. If there are any financial consequences at all it (which I seriously doubt), then their employer and ultimately the taxpayers will shoulder the burden.
At this point in time, you cannot be certain of that. Conduct unbecoming in the line of duty for police officers can have adverse consequences:
"The Canton Repositoryis reporting that notorious Canton Police Officer Daniel Harless, who was fired after being caught on his own police dash cam video last June verbally assaulting a concealed carry license holder and threatening to “execute” him, is trying to get his job back.
http://www.ammoland.com/2012/04/03/canton-officer-who-threatened-to-execute-concealed-carry-holder-trying-to-get-job-back/#axzz1rkopjKIJ
Even if the college President and the Police Chief support the officers, they can still be successfully sued as individuals for violating someone's civil rights. When an officer knowlingly does something outside the scope of his duties he can be successfully sued and/or prosecuted.
That veil of protection needs to be pierced for law enforcement at all levels. Anyone who is authorized by the state to use deadly force against the citizens of this country bear an extra burden of conduct.
Require them to have personal liability/malpractice insurance.
The insurance companies will stop providing coverage for anyone that misuses their position of power and causes a huge loss.