They've been through riots, protests, and natural disasters—but America's colleges have never seen anything like the financial meltdown the coronavirus is about to bring to their campuses.
The rising wave of health fears, added costs, and vanishing tuition payments could crush small colleges, many of which were already hanging by a financial thread. Those that can weather the crisis—including big-name universities with billions in their bank accounts—in turn stand to gain big from the fallout.
The emptying out of schools and the mass transition to distance learning has already been "the largest all-sector hit that we've ever seen," Jim Hundrieser, a vice president with the National Association of College and University Business Officers (NACUBO), told the Washington Free Beacon. But the challenges of this spring pale in comparison to the shock many colleges are expecting in the fall, when social distancing measures and a possible second wave could create the most surreal semester ever.
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9 comments:
Once SU fails, so will the bury
My son is a graduating high school senior this year. We feel so bad that he will not get to experience what most of us enjoyed when we graduated high school. We had plans for him to go to a very well respected non-profit university this fall. We are struggling with trying to decide whether to pay the tuition with the hope that they will be able to operate in person or if he should stay home and go to community college which is much less expensive, especially if they decide to have online classes for the fall semester. I am sure we are not the only ones facing this dilemma...but we have to make a decision at some point soon. What do you think is going to happen this fall?
If SU is to survive (which it will not) it needs to cut every superfluous non- academic activity. That means,
close down the public radio stations
no sports
no gym
no Office of Institutional Equity
no imported cultural events that no student go to (only senior citizens who listen to WSCL)
Gut women's studies
Now, being pea brained liberals,it will never occur to SU to cut anything. Therefore, they are doomed. SU's closing will be glorious!
We too are facing the same situation. The university my child is going too has made it clear about deferment and being a transfer student. If you go to a cc in the fall, then back to his uni, best read the fine print. Our child will lose all scholarships going this route.
The first two years of college is just about the same everywhere you go - If I had it to do over again I’d do my first two years of college at a solid CC and then transfer. Traditional colleges don’t want students to hear that, and they have significant propaganda machines rolling out the rhetoric to keep the exorbitant tuitions coming in. As we are nowhere near finished with this pandemic, I’d keep my children on an online curriculum as long as possible. As for the colleges themselves, they have all grown way out of proportion, and are about to go off the financial cliff.
After reading your comment, “SU’s closing will be glorious!” ... I started to think about what I would write in response. After a few minutes I realized it wasn’t worth the trouble.. cause “you’re an idiot “
Buy him a hooker and a keg and he will get the same quality education our colleges provide today. You will save a fortune.
Maybe these Liberal indoctrination centers need a real "reset". Going to be even more of a reset when the donor money starts drying up.
SU's closing WILL be glorious. You must be one of the commies working there.
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