Antioch to close over money woes

Antioch College, known for its offbeat approach to education, will close in 2008 because of a money shortage and will try to find enough funds to reopen four years later, the school said.

Enrollment at the private liberal arts college in Yellow Springs has dwindled from more than 2,000 students in the 1960s to 400 this year, and a small endowment and heavy dependence on tuition revenue combined to hurt operations, the school said.

Efforts to balance the budget over the years through faculty and staff reductions and programming changes have eroded confidence in the academic program, said officials at the college, founded in 1852.