Another casualty of the higher ed bubble.

Tampa Business News reports.

Clearwater Christian College closing after 50 years

A nearly 50-year-old private religious college will teach its last class this year.

Clearwater Christian College cited declining enrollment, increased debt and little endowments and revenue for the closing, according to a statement on the college’s website. The college had about 500 students in the 2014-2015 school year, a ratio of 15 students to each faculty member, and an endowment of about $900,000, according to U.S. News.

The college’s board could not find long- or short-term fixes to go another year, the statement said.

A college spokesman couldn’t be reached for comment before publication.

A lack of colleges in an area can be a deal-breaker when looking to recruit new businesses and to retain established businesses, University of South Florida Business College Dean Moez Limayem said in an interview.