The trend of colleges closing sadly continues.

The Boston Globe reports.

Swampscott college to close its doors

SWAMPSCOTT — Roderick Love-Smith was so, so close. The Marian Court College senior needed just two more classes to complete his degree in criminal justice; then he planned to fulfill his dream of joining the military.

But everything changed Monday night, when Love-Smith was blindsided by news that the 50-year-old Catholic college will shut its doors later this month because of financial problems.

“I’m just very frustrated,” he said Tuesday, as he returned to the seaside campus to figure out what to do next.

Love-Smith and other students on the cusp of graduating were sad as they mulled their fates and mourned that of their school, which announced its closure in an e-mail to the college community.

“Believe me, it’s the last thing I wanted to do,” president Denise Hammon said in a brief interview on campus.

But the college, struggling to stay afloat after several years of deficits, decided this week that its challenges were too great.