The Massachusetts Department of Higher Education is set to meet with officials at Mount Ida College Thursday over the school's recent decision to close.
The meeting comes a day after students at the Newton college learned that top administrators received large pay raises while the school's debt was increasing by the millions.
According to the most recent tax forms available from the college, President Barry Brown's salary rose by nearly 25 percent in 2015.
Last week, the state Senate ordered an oversight hearing into the planned purchase of the 74-acre campus by the University of Massachusetts. Senators said they were irked they weren't given any advance notice of the purchase.
Senators also questioned the wisdom of the purchase, suggesting the money would be better spent fixing the university system's campuses and holding down tuition.
UMass-Amherst has said it will use the Mount Ida campus for "career preparation programs" in science and technology fields.
Students at Mount Ida would be offered automatic admission to the UMass-Dartmouth campus.
The changes, expected to take place this fall, have upset current students and those who had planned to attend.
"It upsets me, I have no idea where my money that I have paid towards my four years here, where has it gone," said one student Wednesday.
The meeting between the Department of Higher Education and Mount Ida is expected to take place in Boston at 9 a.m.