St. Andrews University to Cease Operations by May 5 Due to Financial Struggles

LAURINBURG, N.C. (AP) — St. Andrews University announced Friday it will close its doors at the end of the current semester on May 5 due to ongoing financial difficulties. The private liberal arts college, which has been located in rural southeastern North Carolina since 1958, faced unsustainable financial realities.

In a statement posted on social media, the university explained that the decision was made after extensive financial analysis and strategic review by its Board of Trustees. “Despite our best efforts to sustain operations, we are left with no choice but to cease operations, effective May 5, unless otherwise required to assist in a smooth transition,” the statement read.

President Tarun Malik informed faculty during a meeting that the closure was a painful decision, reflecting the persistent financial and enrollment challenges that could no longer be managed internally. The university has seen a significant drop in enrollment over the years, compounded by a failure to regain full accreditation after losing it in the late 2000s.

In recent years, St. Andrews made moves to adapt, including merging with Webber International University in 2011 and shifting its academic offerings to include more online and career-focused programs. However, these strategies were not enough to stabilize the school’s finances.

Faculty members reported that they received incomplete paychecks earlier this month, receiving only 85% of their expected salaries. Malik assured them they will be paid in full after the sale of university assets.

To assist students, the registrar’s office has begun conducting degree audits and is working on transfer agreements with nearby accredited institutions to ensure students can complete their studies. The university plans to hold a graduation ceremony for its final class of spring 2025 graduates.

Malik emphasized the importance of conducting a smooth transition, urging faculty to maintain professionalism in the university’s final weeks. “We have to make sure the students are all taken care of,” he said, expressing concern over potential legal implications.

As the closure date approaches, St. Andrews continues to focus on supporting its students and faculty during this challenging time.