人兽性交

Wells College President Jonathan Gibralter and board chair Marie Chapman Carroll announced the closure plan in a posted on the college's website. They wrote that the college, which was founded in 1868, "does not have adequate financial resources to continue."聽

"As you may be aware, many small colleges like Wells have faced enormous financial challenges," Chapman Carroll and Gibralter said. "These challenges have been exacerbated by a global pandemic, a shrinking pool of undergraduate students nationwide, inflationary pressures and an overall negative sentiment towards higher education."聽

The letter acknowledges that board members attempted to find ways to prevent the college's closure through fundraising campaigns and new programs. But revenues, the leaders continued, "are not projected to be sufficient for Wells' long-term financial stability."聽

The closure will affect about 370 total students and 193 employees, according to a Wells College spokesperson. Wells leaders announced an agreement with Manhattanville University to be the college's preferred teach-out partner, which would allow students to transfer there to continue their studies.聽

Manhattanville has also shown interest in a legacy agreement that would integrate Wells' name and history into its community.聽

Teach-out agreements have been reached with other institutions, including Excelsior University, Hobart and William Smith Colleges, Keuka College, Le Moyne College, Mercy University and SUNY Brockport.聽

No decisions have been made about college-owned property, including the 300-acre Aurora campus. The board plans to collaborate with state and local leaders to determine what should be done with the college's real estate.聽

Wells joins other small liberal arts colleges in New York that have closed in recent years, including Cazenovia College in Madison County in 2023. The College of Saint Rose in Albany will also at the end of the spring semester. Low enrollment and financial problems have contributed to the closures.聽

Before deciding to close, Wells had faced challenges over the years. In 2019, the college was placed on probation by its accrediting organization, Middle States Commission on Higher Education, for not complying with its financial and planning standards.

The following year was the beginning of the COVID-19 pandemic. Gibralter in May 2020 warning that the college would close if students wouldn't be able to return to campus. After a successful fundraising campaign brought in $4 million, the college announced it would be open for the 2020-21 academic year.聽

As COVID eased, Wells had its accreditation reaffirmed and probation lifted by the Middle States Commission on Higher Education in 2021. Although those were positive signs, the financial struggles continued.聽

Wells sought to address those challenges by asking for donations, implementing new marketing strategies, selling non-essential properties and streamlining academic programs, according to the college.聽

Although fundraising had netted significant financial support in the past, Wells said its board "recognizes that it cannot carry the college." In its closure plan, the college notes it would've needed to raise $12 million to "make possible, not certain, another year of operation."

Without other revenue sources, the college would need to sustain that level of fundraising to continue operations.聽