Concordia: Behind The Closure Of Oregon's Largest Private University

Concordia’s explanation for the sudden closure announcement pointed to financial problems. In short, less money was coming in due to falling enrollment, while costs were mounting, much of that due to construction debt. The problems were no secret to the authorities at the Lutheran Church who supervise the Concordia University System, including the campus in Portland. Students, however, say they were repeatedly reassured that the university’s financial condition was fine.