New York’s College of Saint Rose will close in May 2024 amid financial woes

Dec 1, 2023, 11:50 AM

NEW YORK (AP) — The College of Saint Rose, a century-old Roman Catholic College in Albany, New York, will close in May 2024 after years of financial struggles, college officials announced Friday.

“It is with a heavy heart that the Board decided to close the college at the end of this academic year,” Jeffrey D. Stone, chair of the college’s board of trustees, which voted to close the school on Thursday, said in a statement. “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.”

Stone added, “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.”

The college will help students either graduate in May or continue their studies elsewhere, officials said, and the human resources department will assist faculty, administrators and staff in their job search.

The College of Saint Rose was founded in 1920 by the Sisters of St. Joseph of Carondelet as a women’s college. It became fully co-educational in 1969.

The school has offered a range of liberal arts programs while specializing in training teachers, with undergraduate and graduate degrees in fields such as early childhood education, educational leadership and school psychology.

Notable alumni include “Tonight Show” host Jimmy Fallon, who also served as the 2009 commencement speaker.

The announcement of the college’s closing happened on the same day that its women’s soccer team failed to advance in the NCAA Division II East regional final in West Chester, Pennsylvania. The team tied Adelphi 1-1, then lost a penalty-kick shootout to determine which team would reach the national quarterfinals.

Like many liberal arts colleges, Saint Rose struggled to maintain its enrollment and balance its books in recent years, and its woes were exacerbated by the coronavirus pandemic.

The college has about 2,600 current students, down from 4,000 in 2019, the last year before the pandemic hit. Saint Rose axed more than a dozen academic programs in 2021 to save money but failed to achieve solvency.

College President Marcia White said that in addition to cutting academic programs, the college laid off staff, reduced salaries and pension contributions, sold nonessential buildings and refinanced debt.

Those efforts were unable to offset the ongoing deficit, White told the campus community at a gathering on Friday. She said the projected operating cash deficit for this year is $11.3 million.

“We want to extend our sympathy and concern to the students, faculty, staff, and alumni of The College of Saint Rose. We all hoped that this day would not come,” Albany Mayor Kathy Sheehan and Albany County Executive Daniel P. McCoy said in a statement after the decision to close the school was reported Thursday,

Sheehan and McCoy said they would work together with college officials, developers and government leaders to “reimagine” the college’s 46-acre campus in the Pine Hills neighborhood of Albany, the capital of New York state.

Havidán Rodríguez, the president of the University at Albany, part of the public State University of New York system, said the news “reminds us of the tenuous situation for many institutions of higher education across the country following the impacts of COVID-19 and the demographic shifts that we are confronting, especially in our region.”

United States News

FILE - Bai Yun, the mother of newly named panda cub, Mei Sheng, gets a mouthful of bamboo during th...

Associated Press

China plans to send San Diego Zoo more pandas this year, reigniting its panda diplomacy

SAN DIEGO (AP) — China plans to send a new pair of giant pandas to the San Diego Zoo, renewing its longstanding gesture of friendship toward the United States after nearly all the iconic bears on loan to U.S. zoos were returned as relations began to sour between the two nations. San Diego Zoo officials […]

2 minutes ago

FILE - Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Res...

Associated Press

Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months

Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing U.S. inflation.

2 hours ago

Associated Press

Dozens of Idaho obstetricians have stopped practicing there since abortions were banned, study says

BOISE, Idaho. (AP) — More than 50 Idaho obstetricians have stopped practicing in the state since a near-total abortion ban took effect in August 2022, according to a newly released report. Data compiled by the Idaho Physician Well-Being Action Collaborative also shows that only two obstetricians moved to the state to practice in the last […]

2 hours ago

FILE - The logo for Boeing appears on a screen above a trading post on the floor of the New York St...

Associated Press

Boeing ousts head of 737 jetliner program, appoints new vice president of quality

Boeing says the head of its 737 jetliner program is leaving the company immediately, paving the way for the aircraft maker to appoint new leadership at the troubled division.

3 hours ago

Associated Press

Charges against alleged white supremacists are tossed by a California judge for the second time

LOS ANGELES (AP) — For the second time in five years, federal charges against alleged members of a violent white supremacist group accused of inciting violence at California political rallies were dismissed by a federal judge who found they were selectively prosecuted. Federal prosecutors said members of the Rise Above Movement conspired to riot by […]

4 hours ago

Associated Press

A Los Angeles woman was arrested in Russia on charges of treason. Here’s what we know

Russia’s main domestic intelligence agency has arrested a woman with dual U.S. and Russian citizenship on charges of treason, accusing her of collecting money for the Ukrainian military. The Federal Security Service said in a statement early Tuesday that the Los Angeles resident was arrested in the Ural Mountains city of Yekaterinburg, about 1,100 miles […]

4 hours ago

Sponsored Articles


DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.


Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.


Fiesta Bowl Foundation

The 51st annual Vrbo Fiesta Bowl Parade is excitingly upon us

The 51st annual Vrbo Fiesta Bowl Parade presented by Lerner & Rowe is upon us! The attraction honors Arizona and the history of the game.

New York’s College of Saint Rose will close in May 2024 amid financial woes