The collegium was founded in the early 18th century at the Jesuit monastery with the support of the Wiśniowiecki princes. Construction of the impressive complex took place between 1731 and 1743.
The institution became an important educational center of Volhynia, where teachers for Jesuit schools were trained and student boarding houses operated. Following the suppression of the Jesuit Order in 1773, the collegium buildings were transferred to the Commission of National Education, which established academic and secular schools there. The complex subsequently became the foundation for the development of Kremenets' educational traditions.
The architectural ensemble consists of the former collegium, monastic buildings, and the magnificent Church of Saints Ignatius of Loyola and Stanislaus Kostka. The complex forms part of the city's historic center and is considered one of the finest examples of Late Baroque architecture in Ukraine.
Today, the former Kremenets Jesuit Collegium is an outstanding historical and cultural monument that reflects the city's centuries-old educational heritage and remains an important element of its architectural identity.