Vennard College to Close

Small Christian school in Iowa will shutter, thanks to mounting debt and low enrollment.

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Vennard College—an 80-student Christian college in Iowa—will close at the end of the semester, the Des Moines Register reports. Mounting debt and stagnant enrollment are to blame, and officials projected a deficit of $300,000 for the semester, with an even worse outlook for 2009.

The school closed in the mid-'90s over similar financial problems, but officials believe this time, the college will not be coming back.

The school will hold a college fair for other Christian colleges to recruit students, and a final commencement is scheduled for November 22.