Posted: Jan 14, 2013 8:06 AM
JACKSONVILLE - The campus of Lon Morris College, including most of its buildings, is set to be auctioned off after the state's oldest junior college filed for bankruptcy last year.
The auction is set for Monday at a Dallas law firm. The two-year United Methodist school is in the small East Texas town of Jacksonville, located about 125 miles southeast of Dallas.
Auction firm AmeriBid says the auction of the 112-acre campus will include most of the school's facilities, including the library, chapel, administration building, classroom facilities and athletic fields.
Lon Morris filed for bankruptcy in July. The college then suspended classes in August after the U.S. Department of Education decided not to allow students to use federal aid there. Federal statutes disqualify schools that file for bankruptcy.
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