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Martin University, Indiana’s only predominantly Black university, will permanently close after its Board of Trustees voted to cease operations, citing insurmountable financial challenges. According to The EDU Ledger, the decision followed months of economic instability that ultimately made continued operations unsustainable. In a letter released by the Board and reported by The EDU Ledger, trustees stated that the institution’s long-standing financial model could no longer support ongoing operations. “Without an endowment and given today’s political climate around higher education funding, this financial model is simply not sustainable,” the Board wrote, according to the publication. Enrollment Challenges And Financial Constraints Martin University’s financial difficulties were closely tied to its mission-driven commitment to serving students with limited financial resources. According to the Board’s explanation, many students were unable to afford full tuition, requiring the...