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Memphis College of Art announces that it will close
Inside Higher Ed: The Memphis College of Art announced Tuesday that it will no longer admit new students and that it will shut down operations.
The announcement cited "declining enrollment, overwhelming real estate debt and no viable long-term plan for financial sustainability."
The college is small and nonprofit. It has long played a key role in the arts in Memphis and surrounding areas. The Commercial Appeal reported that while the college has been enrolling around 380 students in recent years, this year's enrollment is much lower, at 307, including 25 graduate students. The college has 26 full-time faculty members.
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