Friday 23 May 2014 15.38 A spokesperson for All Hallows College has confirmed that it will be winding down its operations with immediate effect.
The college, which employs about 80 staff and is a college of Dublin City University, says financial difficulties have forced it to take the decision.
On Wednesday it withdrew from sale an archive of correspondence between the late US first lady Jackie Kennedy and the deceased Fr Joseph Leonard, who had been a member of the college community.
Its campus in the Dublin suburb of Drumcondra was opened in 1842 as a Catholic seminary to train priests for the foreign missions.
Managed by the Vincentian Fathers since 1892, it opened its doors to lay students in the 1980s.
It has 450 undergraduate and post-graduate students in the Arts and Human Sciences.
Many are from countries where its clerical graduates had served in the past.
It also provides over 500 other students annually with further education courses in leadership and human services.
The spokesperson said the college will now commence a month-long consultation with staff and that it will endeavour as far as possible to bring existing students towards the completion of their degrees.
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