PORTLAND, Ore. (KOIN) -- The Oregon College of Art and Craft will end all of its degree programs at the end of May 2019.
The college's board of trustees approved the decision in February after exploring a "multitude of options" to continue OCAC's 112-year legacy.
According to the board, the closure is the only responsible path forward.
In a statement, the board said: "The path to closure was paved with years of restructuring, none of which could sufficiently eradicate the rising costs of running a private arts college in the 21st century. Since the most recent financial recession, it has been difficult to sustain our high level of academic programming in the arts and, unfortunately, we are not alone in this struggle.
The decision by the OCAC Board of Trustees to close the college has been nothing short of heartbreaking for the tight-knit band of makers who have called this creative oasis in the southwest hills of Portland a home. Many of our cherished faculty members have devoted over 30 years to this institution."
OCAC said it's working to help students and find them new institutions that fit their needs. The college is also working to aid faculty and staff.
More information on OCAC's closure