With the in-depth implementation of the innovative development-driven strategy of “mass innovation and entrepreneurship” put forward by the state, colleges and universities, as the main positions for cultivating innovative and entrepreneurial talents, have set up a multi-level and all-round training system for college students’ innovative and entrepreneurial ability according to the relevant policies and implementation opinions of the state for deepening innovation and entrepreneurship education in colleges and universities, and actively promoted the improvement of college students’ innovative and entrepreneurial ability. The college students’ innovation and entrepreneurship ability evaluation could be regarded as the classical multiple attribute group decision making (MAGDM) issue. The PULTSs could well depict uncertain information during the college students’ innovation and entrepreneurship ability evaluation and the combined compromise solution (CoCoSo) method is appropriate to stable the decision-making results. In this paper, the probabilistic uncertain linguistic combined compromise solution (PUL-CoCoSo) method based on the probabilistic uncertain linguistic sets (PULTSs) and combined compromise solution method is proposed for multiple attribute group decision making (MAGDM). The weights of attribute based on the CRITIC method are obtained under PULTSs. Finally, an application related to the college students’ innovation and entrepreneurship ability evaluation is utilized to demonstrate the usage of the developed algorithms.