Hampshire College closes, the latest in a string of small schools to fold under demographic, financial pressure
Hampshire College closes, the latest in a string of small schools to fold under demographic, financial pressure
Hampshire College, which includes award-winning documentary filmmaker Ken Burns among its alumni, announced on Tuesday that it was closing later this year.
The school’s Board of Trustees voted to close after the fall semester over what its president and the board described as “increasingly complex” financial pressure. In a statement put out by the board and its president, Jennifer Chrisler, the school said efforts to increase enrollment, refinance existing debt and bring in new revenue from land sales had fallen short.
“The rationale behind this painful vote reflects several realities. The College no longer has the resources to sustain full operations and meet our regulatory responsibilities,” the school said in a statement.
In a separate statement........
