Bates College

The college was founded on March 16, 1855, by abolitionist statesman Oren Burbank Cheney and textile tycoon Benjamin Bates. Established as the Maine State Seminary, the college became the first coeducational college in New England and went on to confer the first female undergraduate degree in the area. Bates is the third-oldest college in Maine, after Bowdoin and Colby College. It became a vanguard in admitting minority students before the passage of the Emancipation Proclamation. During early 1900s the college began to aggressively expand and by the mid-1940s, amassed large amounts of property, becoming a major economic power in Lewiston. Since the 1950s, the college has acquired and attempted to remedy a reputation for educating the affluent of New England. Improvements to its reputation were diminished after large losses during the 2008 financial crisis increased its tuition costs. The late 2010s saw a redoubled push for socioeconomic, racial, and cultural diversity as well as a major expansion of student financial aid.