The University of Providence, a private liberal arts Catholic institution in Great Falls, Montana, will cease operations on August 20, 2027. The announcement was made on Tuesday due to ongoing financial issues. University President Caroline Goulet cited declining enrollment and economic pressures as primary reasons for the closure in a video posted on the university’s website. Despite exploring various options to ensure the university’s future, a sustainable path wasn’t found.
The board of trustees voted unanimously to close the 44-acre campus, consisting of 17 buildings near Benefis Hospital. Board Chair Terry Cosgrove emphasized the enduring legacy of the university’s mission, highlighting its impact through graduates and community contributions. A planned closure is considered more manageable than a sudden shutdown. Details on the decision are available on several university-created webpages.
The university’s circumstances mirror larger challenges facing small private colleges, particularly in rural areas. In 2025, the university reported $28.6 million in revenue against $35.6 million in expenses, with assets valued at $48.6 million, as reported by ProPublica. Careful closure was deemed the responsible course of action by the board.
‘Questions about what comes next’
Separate webpages provide information for students and staff regarding the closure. Students will need to address concerns about transfers, credits, and degree recognition. The Montana University System has pledged support for students seeking new educational opportunities. The university currently has 630 students and 244 staff members.
Staff face uncertainties regarding benefits and employment details. The university’s endowment, valued at approximately $20 million, is under review for potential use in assisting current students. Donations will fund scholarships to aid students during the summer 2027 session and reduce graduate tuition.
The university is coordinating with legal advisors to ensure endowment funds align with donor intentions and legal standards, aiding student education completion before closure.
‘Times change’
Founded in 1932 by the Sisters of Providence, the university is a Roman Catholic liberal arts institution. The Sisters, who arrived in Great Falls in 1892, originally managed the university in collaboration with the Diocese of Great Falls-Billings. Over the years, the university underwent name changes, from the College of Great Falls to the University of Providence in 2017.
Providence Health & Services, a major healthcare provider, has financially supported the university. However, a reduction in contributions from Providence Health, which previously provided $8 million annually, impacted the university’s financial stability. The university declared a financial exigency in December 2025 to address ongoing challenges.
Providence Ministries highlighted the uncertain future for many small private universities, acknowledging financial sustainability is increasingly challenging. The Sisters of Providence have significantly contributed to healthcare and education in Montana and beyond.
‘Cannot be measured in dollars alone’
The university, known for its nursing program, also offered majors in criminal justice, biology, and psychology. Great Falls Mayor Cory Reeves expressed sadness over the closure, calling it a “huge loss” for the city. The university’s impact extends beyond its economic contributions, having played a significant role in the community.
Athletically, the school competed in the Frontier Conference and excelled in sports like volleyball, women’s basketball, and wrestling. Despite its success, the closure marks a significant change for the university and its athletic programs.
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