St. Paul’s College is trying to climb out of debt, has few students, and its facilities are in need of repair.
In the meantime, Saint Paul’s said it will relinquish its accreditation with the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) while it implements a closure plan which includes transferring its current students.
“The time deadlines associated with our accreditation issues with SACSCOC and the termination of the proposed merger require our Board to take this action in the best interests of our students,” said Oliver Spencer, Ph.D., chairman of the Saint Paul’s College Board of Trustees on Monday in the first prepared statement since a proposed merger-acquisition agreement with Saint Augustine’s University in Raleigh, N.C., fell through in early May. Oliver also called the failed plan “especially disappointing in view of our very successful completion to the 2012-2013 academic year and the graduation of 51 students just weeks ago.”
For Saint Paul’s, the acquisition represented a lifeline, but instead the 125-year-old rural institution has been left as is — in debt, with few students, and in disrepair. Saint Augustine’s, another Historically Black institution, decided that moving forward was “not a fiscally responsible option.”
Lawrenceville, Va., the tiny rural town of roughly 1,423 people, also is home to St. Paul’s College. Local businesses there will feel the impact when the campus shutters, said Lawrenceville Mayor Doug Pond. “This is tough for a small town like ours,” Ponds said of the “70 or 80” jobs that may be lost and the overall economic impact.
The board’s decision to close Saint Paul’s College and now, was not only the best decision, but one that was “bold and responsible,” said Walter Kimbrough, Ph.D. , the president of Dilliard University, an Historically Black University in New Orleans.
“It is always sad when we see a great, historic institution close,” said Kimbrough who also expressed concern for the impact of such a closure on the nation’s other Historically Black Colleges and Universities (HBCUs) when they are beyond being resuscitated.
