Trinity Christian College announced it will close after the 2025–26 academic year, citing persistent operating deficits, enrollment declines and a failed path to sustainable finances. The board said it explored program changes and strategic partnerships but found no viable long‑term solution. The announcement follows a longer pattern of financially stressed small private colleges pursuing mergers, teach‑outs and structural change. Higher‑ed legal advisers are publishing guidance on what makes an M&A succeed: clear financial transparency, alignment of institutional strengths, tenure and employment integration, and accreditation continuity. Presidents and boards said they are prioritizing student teach‑outs and credit transfer agreements while negotiating with accreditors and potential partners to preserve programs where possible. Clarification: “Teach‑out” plans are formal agreements that allow current students to complete degrees after an institution closes or transfers operations.