My MBA Career: College of Saint Rose Announces Closure in the Spring

Last Updated on December 1, 2023 by Robert C. Hoopes

Title: The College of Saint Rose to Close by 2024 Amidst Financial Struggles

In an unfortunate turn of events, the College of Saint Rose’s Board of Trustees has voted in favor of permanently shutting down the institution after the 2023-2024 academic year, citing insurmountable financial difficulties. The decision has caused widespread distress within the Saint Rose community, leaving alumni, students, faculty, and staff heartbroken over the imminent loss of their beloved institution’s history and legacy.

Recognizing the immense impact that this closure will have on the lives of those connected to the college, the administration has assured that students, faculty, and staff remain their highest priority. To support them during this transition, the college has promptly announced its decision, granting everyone significant advance notice to plan for their future endeavors.

In an effort to address the concerns and queries of students, parents, and alumni, informational sessions will be organized. These sessions will provide an opportunity for the Saint Rose community to voice their concerns and seek clarification, thereby fostering transparency during this tumultuous time.

Reacting swiftly to the impending closure, Albany Mayor Kathy Sheehan and County Executive Daniel McCoy have pledged their commitment to promoting new opportunities and driving economic growth in the region. Recognizing the potential impact of this closure on the local economy, both parties are actively exploring avenues to leverage the skills and expertise of the college’s staff. By facilitating connections with job opportunities in the city, county, and among other local employers, they hope to mitigate the impact of job losses stemming from the college’s closure.

Job fairs and events will be organized to bring together Saint Rose staff and potential employers, ultimately revitalizing the job market with new opportunities for the soon-to-be displaced individuals. By fostering collaboration between college staff and local businesses, Mayor Sheehan and County Executive McCoy aim to ensure a smooth transition and prevent any prolonged negative impact on the local workforce.

While the news of the College of Saint Rose’s closure is undoubtedly heartbreaking for all those involved, the central focus remains on providing the necessary support and guidance to students, faculty, and staff. By addressing concerns, facilitating job opportunities, and fostering economic growth in the area, local leaders are determined to minimize the adverse effects of this unfortunate development, ensuring a brighter future for the Saint Rose community and the region as a whole.