Sudden Closure of University of the Arts Leaves Students in Limbo

Financial mismanagement and declining enrollment cited as primary causes; investigations underway into abrupt shutdown

1,300 students are scrambling to find new colleges after the unexpected closure.
Enrollment at the university had dropped by nearly half since 2009.
State and local investigations are probing the financial mismanagement claims.
Many students risk losing credits and financial aid, with some suing the university.
The closure reflects a broader trend of declining enrollment and financial instability in higher education.