The oldest junior college in Texas, which has filed for bankruptcy, says it's suspending its fall semester as it seeks a purchaser or new financial partner. Lon Morris College is a 158-year-old United Methodist school in East Texas. In a Friday statement, college officials say the suspension follows a U.S. Department of Education decision to not allow federal aid to students there. Like many other nonprofit two-year private campuses, it's been seeking ways to survive as more than half the country's private junior colleges have disappeared since the mid-1990s.
http://www.sacbee.com/2012/08/24/4754954/lon-morris-college-suspends-fall.html
