Albany, New York-based College of Saint Rose, a liberal arts educational institution, has officially announced its closure after the end of the academic year, culminating with its May 11, 2024, graduation ceremony.
The closure will impact 646 employees, including visiting faculty operating on contracts. The closure will be completed by the end of 2024.
According to a school spokesperson, "The closure of Saint Rose is truly heartbreaking for all of us who care deeply about the history and legacy of this institution and the extraordinary students we serve and have served for 103 years."
Board Chair Jeffrey D. Stone noted, “It is with a heavy heart that the Board decided to close the college at the end of this academic year. The Board determined that the College does not have the financial resources to operate for the full 2024-2025 academic year and, therefore, cannot remain a standalone institution. Like many small, private higher education institutions in the Northeast, the College has struggled to manage operating expenses in the face of declining enrollment caused by both a shrinking pool of high school graduates and the prolonged negative impact of COVID-19. We are devastated that despite all our efforts we were unable to avoid closure. Our goal now is to ease the transition for our students, faculty, and staff.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?
