GREENSBORO, N.C. -- A historically black college in Greensboro is closing one of its five dorms to save money.
A Bennett College spokesperson told WFMY News 2 the college is closing Pfeiffer Residence Hall.
The school says 62 students - mostly freshmen - live in the dorm. They will be moving to other residence halls on campus, but have to be moved out of Pfeiffer by Jan. 5.
Bennett College expects to save about $40,000 because they won't have to pay custodial and maintenance costs for the building.
The school says they don't have other cost-saving measures planned at this time.
The women's college had said Nov. 22 it was laying off nine of its approximately 200 employees to help cover a budget shortfall of $2.9 million.
Bennett says the money problems are caused by a drop in enrollment. A college spokeswoman said Bennett had based its budget on a projected enrollment of nearly 670 students, but only 613 enrolled.
The school had 663 students last fall.
Pfeiffer Residence Hall was built in 1924 and is one of the oldest on campus.
Bennett requires first- and second-year students to live on campus. About 80 percent of its students live in the dorms.