BOSTON — A two-year college in Boston that specializes in educating working women from low-income and immigrant backgrounds is on the verge of closing due to financial troubles and a scuttled alliance with another school.

Urban College will notify its 600 students this week that fall classes could be canceled, although leaders say they remain hopeful that another college or nonprofit, and private donors, step forward to close a $250,000 deficit.

Most of Urban College’s students have been out of high school for a decade or more, and 40 percent have been on welfare. Many are single mothers.

College officials learned Tuesday that a proposed merger with Endicott College in Beverly had collapsed.

Trustees chairman Peter Ebb tells The Boston Globe the school will do whatever it takes to stay open.

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