A Strong Glimmer of Hope for Morris Brown College in Atlanta


by Staff 64 Views

The General Board of the African Methodist Episcopal Church has announced that it is forgiving $4 million in debt owed to the board by historically Black Morris Brown College in Atlanta. In 2002, Morris Brown College lost its accreditation due to an unstable financial position. It filed for bankruptcy in 2012. The college filed a reorganization plan that was accepted by the bankruptcy court. The plan involved the sale of 26 acres of land to the city for $14.7 million. The college emerged from bankruptcy in 2015. Yet, due to the fact that the college is not accredited, enrollments remain very l...