We decided to close college, say friars -

"A University of Oxford college denied yesterday that its decision to close was related to a scathing assessment in a recent university review."

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From the linked aticle: 'Greyfriars was best known for its annual “bop”, or party, known as the “Monastery of Sound”."

Is it any wonder it's closing? When a Franciscan college, no less a Capuchin college, is best known for it annual "bop" instead of it's adhearance to the ideals of St. Francis and Holy Church it should close. God will not send vocations to orders and congregations who are not worthy of them.