My MBA Career: College of Saint Rose Board Votes to Close School

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

Title: College of Saint Rose to Permanently Close its Doors After 103 Years

In a surprising turn of events, The College of Saint Rose, a prominent institution located in Albany, NY, has announced that it will be shutting down permanently at the end of the current academic year. The decision, made by the school’s Board of Trustees, was confirmed by interim President Marcia White in a heartfelt letter to the campus community.

The closure of the College of Saint Rose, which has been serving students for over a century, is anticipated to have far-reaching consequences. Not only will it result in the loss of hundreds of jobs, but it will also leave 87 properties in the Pine Hills neighborhood empty and in need of repurposing.

The college has faced financial difficulties and declining enrollment numbers for several years. In fact, its accreditation was even jeopardized in 2022 due to its ongoing fiscal challenges. Despite the efforts of college officials to secure emergency funding and keep the institution open, their attempts unfortunately proved unsuccessful.

While the closure is devastating for the college and its staff, it will also have a significant impact on the enrolled students. They will now have to transfer to other colleges in order to complete their degrees. To facilitate this process, Saint Rose will work to establish teach-out agreements with other schools willing to accept its students. However, some students may encounter difficulties in transferring their credits and finding programs that align with their interests.

The closure also holds implications for the city of Albany itself. With the college’s properties becoming vacant, local politicians and officials are faced with the challenge of finding suitable solutions. Expressing their sadness at the news, they have pledged to work diligently to support the affected students and faculty during this challenging transition.

As the College of Saint Rose prepares to bid farewell after more than a century of academic excellence and community engagement, the focus now shifts to ensuring a smooth transition for all parties involved. Efforts will be made to minimize the impact on enrolled students, while also exploring innovative ways to repurpose the college’s properties to benefit the city of Albany and its residents.

The closure of this well-established institution serves as a reminder of the constant flux within the higher education landscape and the importance of financial stability to ensure the longevity of educational institutions.