Ten years ago, Morris Brown College was one of four vibrant HBCU’s in the Atlanta University Center, and held an enrollment of a few thousand students. The small close-knit community on the 21-acre campus was home to a variety of student activities, sororities and fraternities, NCAA Division 1 sports, and the Marching Wolverines, the school’s marching band.
Today, the school has 50 students enrolled and, as of Saturday, has filed for Chapter 11 bankruptcy. This has bought the school the time it needs to rebuild its funds, and protects it from foreclosure and being placed on the auction block, as it originally faced for September.
Last week, investors called out the school for $13 million worth of debt.
However, many alumni recount when the school’s now boarded up facilities were filled with spirited students and faculty, and are desperately holding on to what is left of the 131-year-old HBCU founded by former slaves affiliated with the African Methodist Episcopal Church. The school is named after the second bishop of the AME church.