Marlboro College plans to close its Vermont campus after this school year and move its academic programs to Emerson College in Boston.
The move was announced Wednesday following years of declining enrollment at Marlboro. In the fall of 2018, the private, liberal arts school had just 142 students.
An announcement from both schools says Marlboro students will be able to finish their degrees at Emerson, and tenured faculty will be offered jobs. Marlboro's $30 million endowment and $10 million in real estate holdings will be given to Emerson.
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Marlboro President Kevin Quigley said the agreement allows the "essential elements of Marlboro" to endure at Emerson.
Marlboro joins a long list of small New England colleges that have shut down or merged in recent years as the region's college-age population declines.