The 148-year-old Philadelphia college will close June 7 after years of enrollment declines.The University of the Arts, in Philadelphia, plans to close June 7 after an unexpected shortfall of cash to run its operations, according to a message on its website. With the abrupt closure, the university is canceling scheduled summer classes. Its transfer partners include Temple University, Drexel University and Moore College of Art and Design. “Under extraordinary circumstances, we diligently assessed the urgent crisis presented and pathways to keep the institution open,” the university’s board said in a statement Sunday. “Despite our best efforts, we could not ultimately identify a viable path for the institution to remain open and in the service of its mission.
