It is with extreme sadness that we share the news that Morris Brown College, a Historically Black College established in 1881 by the African Methodist Episcopal Church, is facing foreclosure, according to CBS Atlanta.
“This is heartbreaking and not only a sad day in the life of Morris Brown, but in black academia,” said former Atlanta City Councilman Derrick Boazman, a 1990 graduate of Morris Brown. “The school is needed now more than ever.”
With the exposure of extreme financial mis-management in 2002, Morris Brown lost its accreditation and federal funding and has faced a long, public battle with crippling debt. The college, which once boasted a student body of approximately 2,500 students, shriveled to a mere few dozens students at one point and now has a reported 50 students.
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In April of 2011, it was reported that a deal was reached with the U.S. Department of Education to forgive Morris Brown it’s nearly 10 million dollar debt. As previously reported by NewsOne, Cascade United Methodist Church of Atlanta also donated $22,000 to stabilize the school.
Still, it all comes down to this.