College of Visual Arts to close June 30
According to a statement released today, declining student enrollment and declining federal and state financial aid support put the CVA in a precarious position. Despite implementing a five-year plan, the school came up short, seeing a 21 percent decline in enrollment in 2012.
"Although CVA's tuition is one of the lowest in the state," said Ann Ledy, president of CVA, via today's press announcement, "students have found it more and more difficult to pay their way. With declining federal and state financial aid support, and the challenges surrounding private loans, students cannot afford the college of their dreams."
Although the school will not be seeing most of its current students through to graduation, the institution has been working with the Minneapolis College of Art and Design (MCAD) in order to offer those currently enrolled at CVA the opportunity to complete their degrees there.