Martin University announced an immediate closure and asset sales after trustees told students the institution could not sustain operations amid rising costs, falling enrollment and mounting debt. The board cited loss of federal support and the lack of an endowment; the Higher Learning Commission directed the university to cease operations at year‑end. The closure leaves students — including graduate students finishing this spring — struggling to access transcripts and finish programs, and raises broader concerns about the viability of small private and minority‑serving institutions without sustained funding. The case also illustrates how accreditation directives and sudden leadership departures (former president Sean L. Huddleston stepped down in December) can accelerate institutional wind‑downs. (University Business; local reporting in the Indianapolis Recorder and WTHR.)