Memphis College of Art, known before 1985 as the Memphis Academy of Art and first established as James Lee Memorial Art Academy in the James Lee House, is a small, private college of art and design located in Memphis, Tennessee's Overton Park adjacent to the Memphis Brooks Museum of Art. It offers Bachelor of Fine Arts, Master of Fine Arts, Master of Arts in Art Education and Master of Arts in Teaching degrees. Some of the majors include graphic design, drawing, painting, printmaking, book arts, computer arts, photography, animation, and illustration. It was founded in 1936 and was once housed in the James Lee House. Since 1959, the main building of the college has been Rust Hall, an award-winning example of mid-century architecture designed by Roy Harrover. Memphis College of Art averages around 450 students each year, with 350 being undergraduate and 100 being graduate students. It is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools and National Association of Schools of Art and Design. The college awards BFA, MFA, MA in Art Education and MA in Teaching degrees. It hosts gallery exhibitions, continuing education, children's classes, and visiting artist lectures. It is more affordable, compared to similar colleges, as per Princeton Review. There is student housing on N. Rembert St., N. Tucker St., and two new buildings on N. Barksdale, Metz Hall and Fogelman Hall. On October 24, 2017 the College Board of Directors announced that the College has stopped accepting new students, and would begin the process of closing.