Finlandia University, located on the Upper Peninsula of Michigan, said it will not enroll any students in the 2023-24 academic year after struggling with a decline in the number of high school graduates, falling interest in attending college and an “unbearable debt load.”
“The leadership team, the Board of Trustees and myself have left no stone unturned in an attempt to avoid this day,” President Timothy Pinnow wrote in a letter to students and employees. He added that the 126-year-old Finnish-Lutheran institution should end operations with “grace and dignity.”
