It’s sad to see this happening to another American school, but you can’t fight reality.

Inside Higher Ed reports:

Another Vermont College Will Close

The College of St. Joseph, in Vermont, announced Thursday that it will shut down at the end of the semester.

The college has been struggling for the last year, most recently with demands from its accreditor, the New England Commission on Higher Education, that it show that it has the financial resources to operate effectively.

In May, the college announced that it might close. Then it announced that that it would redouble its efforts to reach its enrollment goal of 235 full-time undergraduates for the next academic year. In December, the college announced new demands from the accreditor on its financial resources.

Most recently, college officials said they hoped that a potential partnership would provide the necessary resources. But a statement Thursday from Jennifer L. Scott, the president, said that possibility fell through.

“It is with heavy heart and great disappointment that I must deliver the news that our potential institutional partner has elected to not move forward with us,” said Scott’s statement. “Creating and implementing a thoughtful plan for a deep affiliation proved to be too great of a feat given our current accreditation deadline and critical financial condition. Therefore, while we have new evidence for the New England Commission on Higher Education (NECHE) that is material to our financial resources, including the sale of assets and a successful multiyear pledge campaign, the collective impact of this material evidence will not reach NECHE’s threshold of significance.”

 
 
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