Hampshire College to Close Despite Raising $55 Million Amid Financial Struggles
Hampshire College in Amherst, Massachusetts, has announced its closure at the end of 2026, despite raising $55 million in a fundraising campaign. The college, known for its unconventional curriculum without grades or majors, has faced financial difficulties for years. In 2025, it reported an operating deficit of $3.7 million and declining net assets. The college also held $25 million in bond debt and was at risk of default. Enrollment has been declining, with only 625 students enrolled this year compared to 1,352 in 2004-2005. The college's endowment has also decreased significantly, contributing to its financial woes.