Lincoln College was established as Lincoln University in 1865 by the
Cumberland Presbyterian Church and was named after
Abraham Lincoln. There were a few sites that were looked at as possibilities for the institution, before Lincoln, Illinois; however, in December 1864, the City of Lincoln was chosen. On February 6, 1865, the
Illinois General Assembly granted the charter that established the university.
James Millikin, a wealthy Decatur livestock breeder, offered Lincoln University a $50,000 grant for a new building at the Lincoln campus if the school would turn over its charter. The $50,000 grant was on the condition that the citizens of Lincoln would raise $25,000 towards the new building project. The $25,000 was raised, and the $50,000 grant was provided to the Lincoln campus. In 1929, Lincoln became a two-year junior college, no longer offering four-year degrees as it had done since its inception. Many junior colleges were created in the 1920s and 1930s. The move helped the college through the financial problems of the
Great Depression and
World War II. The Lincoln College campus experienced substantial growth following World War II. The college had seven dorms, numerous classroom buildings, a library, and a new building dubbed the Lincoln Center, which hosted a gymnasium, state-of-the-art classrooms, and Lincoln Heritage Museum. In 1974, Lincoln College received a license for radio station
WLNX. Since 2010, Lincoln has been recognized as a Predominantly Black Institution (PBI) by the U.S. Department of Education. In 2015, David Gerlach was selected as the 22nd President of Lincoln College. Shortly after Gerlach's appointment, the Lincoln College Board of Trustees approved a plan to return Lincoln College to its roots as a full bachelor's degree-granting institution while retaining its associate degree programs. In 2018, business programs at Lincoln College were consolidated under the new MacKinnon School of Business, named in honor of distinguished graduate and successful businessman Alexander "Sandy" MacKinnon. On March 30, 2022, Lincoln College announced that, due to significantly decreased enrollment, the college would not be able to sustain itself past the semester and that, unless a "transformational donation or partnership" arose, the college would close on May 13 of that year. The school
also blamed COVID-19 and a cyberattack for the closure. It was announced that the
Illinois State Board of Education would take over student transcripts and records. In 2025, the Illinois state budget included an allocation of $500,000 designated for Lincoln College despite the fact that the college had been closed for three years; the allocation had reportedly been rolled over since 2018. ==Academics==