Financial distress continued to reshape the sector as Martin University announced an immediate closure and asset sales, citing rising costs, falling enrollment and heavy debt. The Indianapolis Recorder reported the board’s letter saying the institution lacked an endowment and could not sustain operations after losing federal support and operating revenue. Separately, Self-Help Ventures conditioned a cash lifeline to Saint Augustine’s University on removing certain trustees, press reports show; the historically Black institution has been battling accreditation and liquidity problems. And Wells College signed an agreement to sell its campus to the Hiawatha Institute for Indigenous Knowledge, signaling one pathway for preserving campus use through nonprofit acquisition. The flurry of rescues, restructurings and campus sales highlights a sectorwide reality: small, tuition-reliant colleges are increasingly dependent on emergency financing, board intervention, or third-party buyers. Admissions, advancement, and facilities leaders must coordinate contingency planning and transparent communications to safeguard students’ records and credit-transfer options.
Get the Daily Brief