YELLOW SPRINGS, Ohio (AP) _ Antioch University's trustees have decided that Antioch College in Ohio will suspend operations June 30 and remain closed for the 2008-2009 academic year.
After two days of meetings in Los Angeles, the trustees said Friday that they had reaffirmed their June 2007 decision to close the college for a year. They said they ran out of time to reach a deal on transferring the financially struggling school to a group of alumni, donors and others with its own board of trustees.
Trustees had reversed their earlier decision in November, contingent on whether alumni and the school could meet fundraising deadlines. But the college could not overcome declining enrollment, heavy dependence on tuition and a small endowment.
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