Despite a new administration building and auditorium, completely refurbished facilities, and heavy expenditures for new furniture, equipment, and landscaping, enrollments failed to rise. In 1930 Kidd-Key and neighboring Austin College attempted to weather the oncoming depression by coordinating programs and sharing facilities. Kidd-Key eliminated its junior college and taught only home economics, religion, fine arts, and women's physical education. The cooperative venture prolonged the institution's existence by a few years, but complete withdrawal of Methodist support forced the college to close in 1935. The property reverted to creditors and was later sold to the city of Sherman in 1937 as a site for a municipal center.
Nothing remains of the original buildings.
Kidd-Key College Records, Southern Methodist University Archives, Dallas. The Texas State Historical Association, 1997,1998,1999.