Bankrupt Texas junior college plans fall classes

July 11, 2012 6:50:11 PM PDT
Despite being mired in bankruptcy, the state's oldest junior college has announced it plans fall classes and what it calls "a revitalized academic program."

According to a Wednesday statement, Lon Morris College officials say they will offer "a complete core curriculum" with on-campus and online classes. Restructuring officer Dawn Ragan says tuition has been cut by a third while still offering financial aid and scholarships for some programs.

Officials with the 158-year-old United Methodist junior college filed a Chapter 11 petition for bankruptcy protection July 3, and the college furloughed most faculty and staff in May as the president resigned.

Jacksonville is about 120 miles southeast of Dallas.