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Lon Morris College exploring merger or sale

Financially teetering Lon Morris College is exploring merger with or sale to another school. The two-year, United Methodist-affiliated college in Jacksonville, Texas, furloughed nearly all of its employees last month, after failing to meet three straight payrolls. It also suspended summer classes, and brought in Bridgepoint Consulting of Austin, Texas, to consider financial restructuring options. Based on Bridgepoint’s assessment, Lon […]

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