Since 2015 the university had been experiencing financial difficulties that led to its rector to request assistance. In 2017, due to the worsening of its financial situation, the university stopped its academic activities and the state license was not renewed. In November 2017 the board of trustees of the university announced the decision to liquidate the university, as the lease agreement for the buildings constituting its campus was not renewed by the city, and heating had been cancelled on account of the institution's debts. Nevertheless, an agreement was reached with the Ministry of Education and the Financial University for students to continue their education at the latter institution in an off-campus format, attending classes at the Program System Institute's facilities in the village of Veskovo, near Pereslavl, and receiving a degree in Applied Informatics upon graduation.
