On December 17, 2009, Magnolia Bible College closed its doors and relinquished its mission of providing gospel preachers with a biblical, accredited, quality education. The closing came as the result of a decision by MBC’s Board of Trustees reached in a special called meeting in August of that year. The Board cited lower than usual enrollment, rising costs of operations, and declining financial support by donors as the reasons behind the monumental decision.
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