""This conclusion was not reached quickly or easily. For months, the Board of Trustees, our leadership team, and the Sisters of Saint Anne walked a distressing road together, examining every option and hoping at each turn that something might change.""
""The decision reflects years of financial pressure that we were ultimately unable to overcome, and the honest recognition that continuing would not be responsible to the students, faculty, and staff who depend on us.""
Anna Maria College will cease operations at the end of the spring semester due to insurmountable financial difficulties. The decision follows months of deliberation by the Board of Trustees and leadership, acknowledging that continuing operations would not be responsible. The college faced warnings from its accreditor regarding financial stability and enrollment has been declining for years. The endowment was valued at only $1.5 million, and the college had violated a bond covenant, further complicating its financial situation.
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