The college, which was founded in 1892 in Ashland, was struggling financially amidst declining enrollment and soaring costs.

Northland College, a private school in Ashland, Wis., could not overcome its financial difficulties, and its Board of Trustees on Tuesday voted unanimously to close the liberal arts college at the end of the current academic year.

The closure comes after a year on the ropes for Northland. “Despite the collaborative efforts of the entire Northland family, we no longer have the resources needed to navigate the economic and demographic storms endangering small,