RENSSELAER — In the wake of financial uncertainty, Saint Joseph's College might have to close its doors.
In a letter sent to the campus community Wednesday, Robert Pastoor, president of the private college, referred to the school's financial challenges as "dire."
The Catholic college, which enrolls about 1,200 students, requires a total cash influx of $100 million, with at least $20 million in commitments by June 1, to continue to serve its students and be successful in the higher education marketplace, according to the letter.
"It is only through financial remedies of this magnitude that I could state confidently that we can provide the kind of educational experience that our students deserve," Pastoor wrote.
The Saint Joseph's Board of Trustees will meet next week to discuss options for the college's future, the letter said.
Greg Gill, director of marketing, said the $100 million figure is the amount needed to address the college's debt, deferred maintenance and other costs necessary to bring it to a financially healthy status.