Martin University, the only predominantly Black private university in Indiana, announced it will close after a brief operational pause. Trustees said declining enrollment, rising costs, cyberattack losses, and unsustainable debt left the institution without operating cash. The university’s accreditor informed the board that it should wind down operations, and the board posted teach-out plans and outreach to nearby institutions to support students. Martin’s closure follows years of fiscal warnings in audit reports and a rapid enrollment decline—from nearly 1,000 students in 2010 to roughly 200 in recent years. Campus leaders and community partners are now coordinating individualized transfer plans; the Higher Learning Commission has signed at least one teach‑out agreement. The shutdown underscores persistent financial fragility at small private colleges, particularly institutions serving nontraditional, low‑income, and minority learners. Boards and presidents tracking similar warning signs should expedite contingency planning, accreditation discussions, and transfer-pathway agreements to mitigate student disruption.