As Hampshire College Announces Closure, Boston-Area Schools Seek To Do More With Less
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Hampshire College in Massachusetts announced it will close after the fall 2026 semester due to rising debt and declining enrollment. Other Boston-area schools are reassessing their budgets and real estate footprints to stay financially stable amidst declining international enrollment and increasing construction costs.
Hampshire College in Massachusetts will close after the fall 2026 semester. The college cited rising debt and declining enrollment as the reasons for closure. This is not an isolated incident, as 32 New England colleges have closed in the past decade. Other Boston-area schools are looking for ways to work within new budgetary constraints. They are reassessing their real estate footprints and long-term needs. A drop in international enrollment and increasing interest rates have weighed down institutional growth plans. Berklee College of Music is stretching its budget to maximize its real estate footprint. The school acquired a vacant office building and land for $28.1M in November 2025. Universities across the country are adapting to funding shortfalls after the Trump administration canceled hundreds of millions of dollars of funding.
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