Hiwassee College in Madisonville, Tennessee, will close at the end of its spring semester on May 10.
On Thursday, the college’s board of trustees voted for the closure.
The school is closing for “financial reasons,” according to Rev. Tim Jones, director of communications for the Holston Conference of the United Methodist Church.
Hiwassee College was founded in 1849 and is affiliated with the Holston Conference of the United Methodist Church. Jones said he could not elaborate further at this time.
“Growing marketplace trends including substantially discounted or highly subsidized public education, changes in demographics, our rural location, and declining enrollment have combined to produce an unsustainable economic mode,” a release from the college read.
There are currently 225 students enrolled at Hiwassee College, and 33 students will graduate at the end of the spring semester, according to the release.
Jones said there will be meetings in the future to help determine a plan for students who will not graduate by the time the college closes.