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

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.”