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ASHLAND, Wis. (WRN) — A private college in northern Wisconsin, at risk of closing, will remain open.

After announcing in March they’d have to close if they couldn’t raise $12 million by early April, the board of trustees at Northland College announced Thursday that the Ashland school would operate on a refocused model.

The changes would lead to staff and faculty adjustments leading to almost $7 million in savings. The college will also offer only eight majors. The board says Northland will conclude its current academic year as planned and offer support to students who want to transition out of the college.

The 132-year-old school is the nation’s first environmentally focused liberal arts college.