This is a familiar story. The school is basically out of money. There is more of this to come.
FOX News reports:
Albany, NY’s College of Saint Rose to close in May
The College of Saint Rose, a century-old Roman Catholic College in Albany, New York, will close in May 2024 after years of financial struggles, college officials announced Friday.
“It is with a heavy heart that the Board decided to close the college at the end of this academic year,” Jeffrey D. Stone, chair of the college’s board of trustees, which voted to close the school on Thursday, said in a statement. “The Board determined that the College does not have the financial resources to operate for the full 2024-2025 academic year and therefore cannot remain a standalone institution.”
Stone added, “We are devastated that despite all our efforts we were unable to avoid closure. Our goal now is to ease the transition for our students, faculty, and staff.”
The college will help students either graduate in May or continue their studies elsewhere, officials said, and the human resources department will assist faculty, administrators and staff in their job search.
The College of Saint Rose was founded in 1920 by the Sisters of St. Joseph of Carondelet as a women’s college. It became fully co-educational in 1969.
The school has offered a range of liberal arts programs while specializing in training teachers, with undergraduate and graduate degrees in fields such as early childhood education, educational leadership and school psychology.
Notable alumni include “Tonight Show” host Jimmy Fallon, who also served as the 2009 commencement speaker.
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