[Farm93]

Understood.  My alma mater's (Santa Clara) endowment is over $1 billion.  I had hoped that an online class regimen would be less expensive for the students.

$1 Billion is probably enough to make it through, but it would be a lot easier if students still pay the full rate, especially since for those on financial aid the full rate is not really the rate they would pay in 2020.   

I suspect the Director person understands how much of the endowment can or cannot be easily liquified.  My guess is a lot of it has a lot of restrictions or would be very difficult to convert to cash at the 2019 valuation.   Santa Clara will be better off than many, but $1 billion is only 2X the annual operating budget. 

Tough times, but I think most schools will need to work hard to fight for their revenue and get creative cutting expenses.  I just can't imagine most schools work on scenario planning that includes having an unexpectedly large block of students opting for gap years, stopping out, or dropping out.  Every school has a attrition rate, but 2020-2021 will likely be way beyond their expectations.

[Farm93]

Understood.  My alma mater's (Santa Clara) endowment is over $1 billion.  I had hoped that an online class regimen would be less expensive for the students.

$1 Billion is probably enough to make it through, but it would be a lot easier if students still pay the full rate, especially since for those on financial aid the full rate is not really the rate they would pay in 2020.   

I suspect the Director person understands how much of the endowment can or cannot be easily liquified.  My guess is a lot of it has a lot of restrictions or would be very difficult to convert to cash at the 2019 valuation.   Santa Clara will be better off than many, but $1 billion is only 2X the annual operating budget. 

Tough times, but I think most schools will need to work hard to fight for their revenue and get creative cutting expenses.  I just can't imagine most schools work on scenario planning that includes having an unexpectedly large block of students opting for gap years, stopping out, or dropping out.  Every school has a attrition rate, but 2020-2021 will likely be way beyond their expectations.