Philadelphia's University of the Arts Closes Abruptly

1 min read
Source: The New York Times
Philadelphia's University of the Arts Closes Abruptly
Photo: The New York Times
TL;DR Summary

Philadelphia’s University of the Arts, a nearly 150-year-old institution, will close on June 7 due to severe financial difficulties, including declining enrollments and revenues, and unexpected infrastructure costs. The sudden announcement shocked its 1,149 students and nearly 700 faculty and staff, many of whom learned about it through media before receiving official confirmation. The school’s accreditation was revoked, leaving no option but to close. Efforts are being made to assist students in transferring to other institutions.

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