Bacone College Files for Bankruptcy

Struggling Bacone College (OK) has filed for bankruptcy. The move likely brings an end to its status as a freestanding institution, given that bankruptcy will render it ineligible for federal student aid. Interim president Leslie Hannah told Inside Higher Ed that while the college doesn’t plan to close, it will take the next academic year off to reorganize in hopes of attracting a partner to merge with or to acquire Bacone.