The University of the Arts, an institution with roots more than a century and a half old in Philadelphia, has abruptly announced it will close in a week, citing declining enrollment and revenues as well as increasing expenses.
University president Kerry Walk and the chair of the board of trustees, Judson Aaron, announced the June 7 closure in a notice posted Friday night on the university’s website, calling it “heartbreaking” and “deeply painful.” Separate town halls are planned Monday with students, faculty and staff, they said.
