Montclair State University will provide financial support to Bloomfield College, if needed, to ensure the college can remain open through the 2022-23 academic year while the two institutions work toward their goal of establishing a permanent relationship.

As New Jersey's only four-year Predominantly Black Institution, as well as a Hispanic-Serving Institution and Minority Serving Institution, Bloomfield College provides students from these underrepresented communities with the education they need for social and economic mobility, MSU said in a press release.

Last fall, Bloomfield College announced that it was seeking a partner institution that it could work with to form a strategic relationship that would ensure that the college could continue to carry out its mission for the long term, the release said.

In December, the presidents of both institutions signed a non-binding letter of intent to pursue a permanent relationship.

The level of support needed from Montclair may be reduced due to a $5 million allocation in Gov. Phil Murphy's state budget proposal, according to the release.

"The missions of both institutions are closely aligned," Montclair State University President Jonathan G.S. Koppell said in the release. "We are both committed to providing access to high-quality educational experiences to students who are often marginalized."

Bloomfield College will remain open for the entirety of the 2022-23 academic year. In the coming months, the two institutions will be working to develop their plan for a permanent relationship.

"We are grateful to the Montclair State University Board of Trustees for taking this important step," Bloomfield President Marcheta P. Evans said in the release. "Montclair shares our commitment to students from historically underserved populations that is our core mission."