Trustees at Wilson College in Chambersburg plan to vote Saturday on whether to convert the school to a fully coeducational institution.
The liberal arts school founded in 1869 has run operational budget deficits in three of the past four years, and has a $31 million debt, $10 million in deferred maintenance and a $12 million library project.
Enrollment is about 700, including 320 in the College for Women, 300 in the adult degree program and more than 70 taking graduate programs. The proposal aims to double that figure by 2020.
The school now allows men to be students if they are children of staff or at least 22 years old, and about 11 percent of students are undergraduate men.
The trustees are considering whether to permit men as regular students next year, and let them live on campus the year after that. Tuition is nearly $29,000 a year.
In an opinion piece published in area newspapers this week, Wilson President Barbara Mistick said financial problems has led the school to consider going fully coeducational.
“No one at Wilson doubts the power of the education we provide,” Mistick wrote. “Rather, the college is faced with a stark reality. Much as the federal government wrestles with the so-called ‘fiscal cliff,’ so, too, does Wilson.”