Anna Maria College, a Catholic institution in Massachusetts, announced it will close at the end of the spring term after years of financial pressure and deteriorating reserves. The board cited inability to sustain operations and said it explored mergers and alternative revenue but could not close the gap. The decision follows warnings from the New England Commission of Higher Education and the Massachusetts Department of Higher Education that the school risked violating standards on institutional resources. The state also flagged that the college lacked sufficient resources to meet student obligations, according to the announcement. Anna Maria reported long-term debt of $18.4 million as of June and endowment assets of just under $1.4 million (with donor restrictions). Federal data show fall headcount fell 16.6% from 2019 to 2024 to 1,202 students, underscoring how enrollment contraction and limited liquidity have increased closure risk for smaller private colleges.