""Despite this herculean effort, the financial pressures on the College's operations have become increasingly complex, compounded by shifting external factors," college president Jennifer Chrisler wrote in an email to the Hampshire community."
""We are faced with the clear, heartbreaking reality that progress on each of these three key factors has fallen far short of what we had hoped.""
""The New England Commission of Higher Education ordered the school to 'show cause' at its June 2026 meeting as to why the commission should not place it on probation or revoke its accreditation, citing concerns about its financial stability.""
""Creditors also raised 'substantial doubt' about the school's ability to continue operating, highlighting the severity of the financial situation.""
Hampshire College in Amherst will transition to closure after years of financial struggles and decreasing enrollment. Despite efforts to stabilize finances through a five-year plan initiated in 2019, the college faced insurmountable challenges. Financial statements revealed a significant revenue shortfall, and the New England Commission of Higher Education expressed concerns about the institution's stability. Declining student numbers and unresolved financial obligations contributed to the decision to close, marking a significant shift for the college community.
Read at Boston.com
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