College of St. Joseph in Vermont Is Put on Probation Because of Financial Woes

The College of St. Joseph, a small liberal arts school in Rutland, Vt., that has considered closure because of financial difficulties, has been placed on probation by regional accreditors, the accrediting agency announced Wednesday. The school is just one of many small, private colleges in New England struggling to meet costs as tuition dollars remain a shrinking source of revenue and enrollment declines.