The decision is based on the low pre-registration enrollment. As of May 1, only 37 students were registered for the fall.
Eleven employees are expected to lose their positions.
The school will maintain a regular school calendar through May 25. The school currently has 58 students in pre-kindergarten to sixth grade, five teachers and four staff members.
St. Peter School was one of the oldest Catholic schools in the state.
(This corrects a previous version of the story that indicated St. Joseph Catholic School would be closing)