Santa Fe's The New Mexican reported in late March that discussions of a possible sale of the institution were halted and new students would not be accepted, "Future of Santa Fe University of Art and Design in doubt after sale halted."
Santa Fe University of Art and Designed traces its founding to a school that was operated by the Brothers of Christian Schools after 1859 as Saint Michael's. A higher education program was added in 1874 under charter as the College of the Christian Brothers of New Mexico. The collegiate program was dropped after World War I and St. Michael's continued as a preparatory school. It again offered the college program at the former Bruns Army Hospital after 1947.
The name changed to College of Sante Fe in 1966 and it became co-ed. The institution expanded into Albuquerque in 1980 with assumption of responsibility for programs offered by the University of Albuquerque prior to its closure.
Financial and enrollment struggles later led the Board of Trustees for the College of Santa Fe to close in 2009. Programs were ultimately continued through an affiliation with Laureate Education Inc. as a for-profit institution and the name changed to Santa Fe University of Art and Design after August 30, 2010.
If you are interested in recent trends for closures, access College Closures since 2009 in the index at the right of any College History Garden page. There are separate tabs for non-profit and for-profit closures. Each tab includes basic information for each institution, i.e., Carnegie Classification, sector, accrediting agency, and the IPEDS unitid.