Spring semester will be the last for the College of Visual Arts in St. Paul. The small art and design school, housed in a handsome mansion on Summit Avenue, will close at the end of June, officials said Wednesday.
Founded in 1924, the college had struggled since the recession with falling enrollment, rising costs and families unable to pay tuition, President Ann Ledy said. "As a small institution, what we lack is an endowment, the kind of endowment that one needs to weather the storm."
About 170 students attend the school, studying fine arts, fashion design, graphic design, illustration and photography. Spring classes will be held as planned, and juniors will be guaranteed a spot next year at the similarly focused Minneapolis College of Art and Design.
"We've done our best, but it's very sad," Ledy said. "By making this decision now, by recognizing this is our reality, we have had the opportunity to establish a relationship with MCAD. This really is what we consider to be the best option for our students."
In some ways, the college's struggles mirror those faced by others across the country. A survey by Moody's Investors Service, out last week, showed that almost half of colleges and universities expect their enrollment to drop. A third of those that responded expect their tuition revenue to drop or to grow more slowly than inflation -- a much bigger share than before the recession.
Without a strong endowment, CVA depended on tuition to cover its costs. But since the recession, students have struggled to pay full price. The college upped its scholarships and cut its staff. But the equation was dependent on more students. Over the past year, enrollment dropped by a fifth. An outside consultant determined that "CVA is no longer viable under any scenario," according to a statement.
Agreement with MCAD
The St. Paul school has forged a formal agreement with the Minneapolis College of Art and Design guaranteeing that its juniors with a GPA of 2.0 or higher can complete their degrees at MCAD. Freshmen and sophomores may apply to MCAD through the competitive transfer process. The Minneapolis college has invited CVA students to a special open house in February.