Martin University announced it will “pause operations” at the end of the semester, citing dwindling enrollment, mounting financial strain and an absence of an endowment. Trustees said they are exploring paths to viability while working to minimize disruption for the remaining students; the board did not set a resumption date. Federal data show enrollment fell to 223 in fall 2023 and a 2023 audit raised “substantial doubt” about the institution’s ability to continue, noting debt reliance and recovery from a crippling cyberattack. The pause underscores the vulnerability of small private MSIs to enrollment shocks, funding gaps and state funding decisions.