Battling bankruptcy: LMC loses fight for federal funds
Lon Morris College continues negotiations with the Department of Education after a ruling by a federal bankruptcy court yesterday banning the beleaguered school from participating in Title IV Higher Education Act Programs.
Join the discussion below, or Read more at Jacksonville Daily Progress.
#1 Aug 22, 2012
LMC is moving head on into Chapter 9 bankruptcy and the ruse of conning youngsters to pump money into the school is a crying shame.
Typically, Cherokee co newspapers flip a coin on which one (the Progress or the Rusk Crapfest) will be feeding the horse hockey to the public.
This week you can count on the Cherokeean to lie through their dentures and report the 100 students foolish enough to enroll in a bankrupt college this Fall.
The Progess article above tells the actual truth that LMC won't be getting ANY Federal financial aid distributions.
LMC has lost SAC accreditation, on scholastic probation, and now lost Title IV programs. Any parent sending money to this place is rolling the dice. They can't guarantee the school year will even complete!
#2 Aug 23, 2012
The Tyler Paper takes it to the halfway point by saying the federal aid funds are "in jeopardy" even though the federal judge essentially shut off all Title IV programs.
That means no more Pell grants, financial aid.
LMX is unsustainable without kids paying full tuition, maybe the school will last through the semester.
#3 Sep 26, 2012
How is selling off Lon Morris buildings for its complete closure "historic????"
Goodbye Queers, Steers, and Prairie View rejects.
Add your comments below
|IMF to help Ukraine with up to $18 billion bailout (Mar '14)||Mon||RUSSIA has ALREAD...||73|
|Ryan's buffets apparently no long on menu for A...||Jul 19||Earl Pitts||4|
|Pat Howard: Failures by DevelopErie leave Erie ...||Jul 19||The Gun||185|
|New bidder for Essar Steel Algoma?||Jul 18||Bird||1|
|Fact checking Clinton's speech slamming Trump i...||Jul 11||Hannah2016||1|
|Essar Steel Minnesota files for Chapter 11 bank...||Jul 10||coulda guessed that||1|
|State DEP, Alpha Natural Resources reach agreement||Jul 1||James mullins||1|
Find what you want!
Search Bankruptcy Forum Now
Copyright © 2016 Topix LLC