After 92 years, Detroit's Marygrove College announced Wednesday that it will permanently close after the end of the 2019 fall semester.
"We hoped and prayed that this announcement would never have to be made," Sister Mary Jane Herb, president of the Immaculate Heart of Mary congregation that founded Marygrove College, said in a statement.
Burns says Marygrove has entered an agreement with Oakland University to accommodate students who are a year away from finishing their degrees, and will make similar arrangements with other schools as needed.
"All students will receive financial aid counseling and academic advising," Burns said, and the college is working to provide employment counseling to faculty and staff.
The struggling college discontinued its undergraduate program almost two years ago, according the the Detroit Free Press. With $25 million in debt, a $20 million operating budget and 491 undergraduate students, the college's finances weren't sustainable.