A historic Texas junior college won’t have a fall semester this year due to financial problems.

Lon Morris College, a United Methodist School in Jacksonville, Texas, is seeking a new financial partner or a purchaser following a bankruptcy filing last July.

The U.S. Department of Education recently decided to not allow federal aid to students at the school, according to the Associated Press.

Attempts to bring new life to the 158-year-old school have been unsuccessful, such as reinstating their football team, but students that couldn’t pay their bills combined with football expenses, caused further damage to the already-floundering school.

More than half the country’s private junior colleges have closed since the mid 1990s, according to the AP.