Faced with grant delays and terminations, the university has created two new programs, partly funded through earnings on its endowment.
Republicans say the plan would save $330 billion and spur institutions to lower costs, but Democrats argue it would create barriers to college.
The North Carolina liberal arts institution’s president said that “financial sustainability is no longer attainable” and it will close May 5.
The agency has been threatening education institutions with the loss of federal funding if they allow transgender athletes to compete in women’s sports.