Lebanon College has canceled its classes for the fall semester in what the president said is likely the first step toward closing the school.
The Valley News reports President Ron Biron said without a "substantive increase in enrollment," the cancellations are the first the step in closing the school.
Arthur Gardiner, the chairman of the college's board of trustees, said fewer than half of the anticipated enrollees signed up.
Biron said the college currently has about $2.2 million in debt involving both of its buildings on the pedestrian mall.