Saint Paul's College, a historically black institution in Virginia founded in 1888, will close at the end of this month. While college officials did not respond to reports over the weekend of an imminent closure, the Associated Press  reported that the Southern Association of Colleges and Schools confirmed that it had been formally notified by the college of plans to close. The college has been in danger of closure since SACS announced a year ago that it was stripping the college of accreditation,  making its students ineligible for federal aid. There had been some hope that the college would be rescued by merging with Saint Augustine's College, a historically black college in North Carolina. Both institutions were Both founded by the Episcopal Church. But last month, Saint Augustine's announced  that it did not consider that plan viable.