New Jersey's Monmouth University on Wednesday announced that it will close down its revered polling institute in July, after 20 years of operation. 

The Monmouth University Polling Institute, which launched in 2005, has been lauded by experts as one of the top independent election poll analysis sites for accuracy and transparency. 

The polling company, 538, which will also close its doors upon orders from the ABC News group, has ranked Monmouth as one of the top five such sites based on that same criteria. The decision to shut down 538 comes amid wider layoffs at the Walt Disney parent company.

Monmouth University President Patrick Leahy said the decision was made after a year-long review of the campus' centers and institutes, citing a changing media landscape and higher costs for polling. The program will close July 1. 

“At its height, the Institute played a prominent role in helping to elevate the University’s image and to amplify its reputation to households across the country,” Leahy told The Hill. “However, the changing political and media landscapes have made it both more difficult and more expensive for polling organizations to operate.

"In addition, our efforts over the years to integrate the work of the Polling Institute with both the student experience and the broader academic enterprise at Monmouth University have been met with mixed results,” he added.

Leahy said the institute's resources will now be diverted to other initiatives at Monmouth, though he did not specify what programs and initiatives would receive the funding and resources.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.