Lon Morris College Files for Bankruptcy
Earlier reports of Lon Morris Junior College entering Texas bankruptcy courts suggested students planning to attend this fall would be safe for the semester as debt resolution efforts played out. However, an announcement was made last week that the fall semester would not carry on as planned and, instead, will have classes suspended.
Lon Morris officials have been working to resolve its near $13 million in bond debt obligations for quite some time and avoid foreclosure. Operating costs, tuition discounts and a drop in attendance in recent years have all played a factor in the increasing financial problems of Lon Morris. They also reinstated their football team after a 70-year hiatus, which was hoped would have helped resolve the college’s long standing troubles with debt.
As the oldest junior college in Texas, Lon Morris’ 158 year old campus serves some 350 local students. With more than 100 students already enrolled for classes this fall, the announcement of course cancellations is leaving many without options until next Spring. Although nearby colleges are working to accommodate some of the displaced students, the fate of this historical college is troubling for many future students.