On May 15, 1982, Milton College abruptly closed its doors. At the time, it was Wisconsin's oldest continually operating college.[1] The college's board of trustees had voted 18-2 to close the campus following a notification from the North Central Association of Colleges and Schools that the college's accreditation would be dropped in the fall term; it had previously been on probationary status. The decision from North Central stemmed from the college's continual shaky financial situation, which culminated in a $4 million debt.