The Boulder College of Massage Therapy closed its doors June 16, citing financial woes for its demise. A report by Colorado’s 9News asserted that the college was shut down by the federal government due to its financial problems.

The school opened in 1975 and was one of the only nonprofit, standalone massage schools in the country, according to its website.

According to an article the Daily Camera newspaper, “Facing increased competition and decreasing enrollment in 2009, school leaders chose to shorten its traditional 1,000-hour program to 760 hours, a move that instantly cut annual tuition revenue 24 percent, [the college’s president, Dirk] McCuistion said. That resulted in financial hemorrhaging for the nonprofit school.”

Students who have not completed their coursework at the college may transfer to the Colorado School of Healing Arts in Lakewood.

“This is the end of a program that was a pioneer in the field of massage therapy,” the 9News anchor said.