US college closes doors after cyber attack

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Lincoln College in the US state of Illinois will close its doors for good from May 13. A cyber attack that took place at the end of last year is an important reason for this. The corona pandemic also had a major impact on the finances of the educational institution.

The American college announces the sad news in a press release.

Lincoln College sees record number of applications

Lincoln College has a long and rich history. The school was founded in 1865 and went through all kinds of difficult times. The board cites the economic crisis of 1887, the great campus fire in 1912, the Spanish flu of 1918, the economic depression of the 1930s, the Second World War and the global credit crisis of 2008 as examples.

The educational institution managed to overcome all these hardships. In the fall of 2019, the school even faced a record number of student registrations. All student rooms on campus were packed. The school prospered and there was no indication that the tide would turn.

Corona pandemic worsened financial position

However, that happened at the beginning of 2020, when the corona pandemic broke out. That had “a dramatic impact on recruiting and fundraising efforts, sporting events and all activities of campus life,” writes David Gerlach, president of Lincoln College.

The outbreak of the coronavirus meant that the school was faced with investments and high costs to ensure the safety of students and staff. The number of new students enrolled also fell. They decided to postpone their studies, leaving the school in a dire financial position.

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