 In 2009, the school district was rated "recognized" by the Texas Education Agency.Prior to fall 2006, Megargel ISD served the town of Megargel and portions of Archer, Baylor, Throckmorton, and Young Counties, while Olney ISD served Olney and portions of Archer and Young counties.Megargel School (along with the town of Megargel) had declined for years, and was running out of funds.