Wells College to Close After 156 Years, Citing Financial Strain

The leaders of Wells College (NY) said today the 156-year-old college will close at the end of the spring semester after failing to weather a financial crisis amid declining enrollment. The college, an anchor in the village of Aurora in Cayuga County since 1868, broke the news to students, alumni and staff in a public letter posted on its website this morning. Board Chair Marie Chapman Carroll and President Jonathan Gibralter said that college officials determined the school will not have enough revenue to achieve financial stability in the years ahead.