Lincoln College closes its doors with reference to COVID-19 and ransomware attacks
Lincoln College closes its doors with reference to COVID-19 and ransomware attacks

Lincoln College closes its doors with reference to COVID-19 and ransomware attacks

Lincoln College in Illinois closes its doors on Friday after 157 years of operation due to financial strains from the pandemic and a ransomware attack last year.

Why it’s important: The reality of the small private college emphasizes deepening financial burdens which the pandemic has at the higher education institutions.

Driver news: “The financial burdens initiated by the pandemic required large investments in technology and security measures on campus as well as a marked decrease in enrollment with students who chose to postpone college or take leave, which affected the institution’s financial position,” the university said. wrote in a message.

  • The university also said that a cyber attack in December 2021 “thwarted recording activities and prevented access to all institutional data, creating a blurred picture of fall 2022 enrollment projections.”
  • “When fully restored by March 2022, the projections showed significant enrollment deficiencies, requiring a transformation donation or partnership to maintain Lincoln College beyond the current semester.”

The big picture: Lincoln College is one of the few U.S. colleges in the country that qualifies as predominantly black institutions by the Department of Education, It writes NBC News.

  • “Lincoln College has survived many difficult and challenging times – the economic crisis of 1887, the great campus fire of 1912, the Spanish flu in 1918, the Great Depression, World War II, the global financial crisis of 2008 and more, but this is different,” said the university in its announcement.
  • The folk high school held its own closing inauguration ceremony on Sunday.

Go deeper … Private colleges across America cannot pay their bills

Leave a Reply

Your email address will not be published.