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102-Year-Old College Will Close Its Doors

Facing growing debt and plummeting enrollment, Upsala College trustees are closing the 102-year-old liberal arts school, the college announced Thursday.

Unless a benefactor steps forward, the private school will cease operating when its accreditation expires on May 31, President Paul V. DeLomba said in a statement.

Students learned of Upsala’s money problems last July, when college officials sought an advance in state aid.

As a result, many transferred or dropped out. Only 435 students are enrolled now, down from nearly 1,500 last year.