The college at the centre of the Jackie Kennedy letters dispute is to close due to financial difficulties.
A statement from All Hallows College confirmed that the it will be wound down.
However, it said that every effort will be made to facilitate existing students in the completion of their courses.
All Hallows had plans to sell a valuable trove of letters sent by former US First Lady Jackie Kennedy to Fr Joseph Leonard, who had a long association with the college.
Initially the college claimed ownership of the letters, which were sent to the late Fr Leonard in the 1950s and 1960s.
However, the belated discovery of a will by Fr Leonard — which only came to light last weekend — played a crucial role in the withdrawal of the letters from auction. The 33 letters were valued at up to €3m .
A statement said: “The college, which is not in receipt of state grants, has been operating at an increasing deficit.”
At present, there are 450 students on accredited degree courses and in excess of 70 staff at the college.