A Black college named after Abraham Lincoln, founded the year that Lincoln was assassinated, and located in central Illinois is closing this week due to dwindling enrollment due to the coronavirus pandemic.
Lincoln College had a rough year. They scrambled to keep afloat as they resorted to charity campaigns, employee consolidations, and exploring leasing alternatives.
Lincoln College, which opened in 1866, said their efforts did not have a large enough impact on the pandemic to save them.
Then, as the COVID cases dropped and students returned to their respective schools, the College was victim to a December cyberattack. It left all of its systems needed to recruit students, retain them and raise money inoperable for three months.
Lincoln College had many problems it needed to solve with increasing enrollment and fundraising decreasing. To help save money, they got rid of positions that were not necessary or would be easily replaced from the job market like academic advisors and someone who answers telephones.
“The school released a release which said, “Unfortunately, these efforts did not create long-term viability for Lincoln College in the face of the pandemic.””
After the number of COVID cases decreased and students returned to school, the college was attacked by a December cyberattack. The attack left systems for recruiting students, retaining them, and raising money inoperable for three months.
Lincoln University President Gerlach claims that Lincoln paid less than $100,000 of a ransom to an unknown source. The school, who had over 1,000 students enrolled before their systems went down, now lacks the money needed to stay open.
This semester the school needed $50 million to stay open but they only raised $2,352.
The school did not immediately return a call Tuesday from The Associated Press.
The University of Tennessee found that the Higher Learning Commission had approved agreements between to-be graduates and 21 different colleges. The school then held a college fair giving students the opportunity to learn where they might want to transfer.