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In May 1935 the name of Texas Wesleyan College was changed to Texas Wesleyan Academy, and the number of board members was reduced from twenty-five to nine. In 1936 the academy agreed to loan $100,000 to Texas Wesleyan College at Fort Worth.
Wesleyan College is the birthplace of the first sororities: the Adelphean Society in 1851, now known as Alpha Delta Pi and the Philomathean Society in 1852, now known as Phi Mu. The two sororities together are referred to as the Macon Magnolias.