[BostonCard]

Nothing new in this article, but a good summation:

https://www.nytimes.com/2020/05/26/upsho...ategy.html

The higher education landscape is now in chaos. Last year, 419 colleges were still accepting applications for the freshman class after the traditional May 1 deadline. This year, the number is 754, suggesting an enormous drop in demand. If campuses can’t open this fall, or students don’t return, the private higher education sector faces a financial asteroid strike. Edmit updated its projections accordingly and published a less specific version of them this month. The numbers suggest many colleges are now at risk.

...

Edmit examined financial trends at 937 private universities and added a conservative estimate of the Covid-19 impact: tuition losses of 10 percent in 2020 and 20 percent in 2021, a 20 percent decline in endowment earnings, and an offsetting 10 percent reduction in spending on salaries. Edmit did not estimate reductions in housing revenue, but colleges face millions of dollars in losses if dorms remain unoccupied.

Those assumptions increased the number of colleges ranked with “Low” financial health — defined as being on track to run out of money within six years — by nearly 50 percent, to 345, more than one-third of all private colleges studied.

BC

[BostonCard]

Nothing new in this article, but a good summation:

https://www.nytimes.com/2020/05/26/upsho...ategy.html

The higher education landscape is now in chaos. Last year, 419 colleges were still accepting applications for the freshman class after the traditional May 1 deadline. This year, the number is 754, suggesting an enormous drop in demand. If campuses can’t open this fall, or students don’t return, the private higher education sector faces a financial asteroid strike. Edmit updated its projections accordingly and published a less specific version of them this month. The numbers suggest many colleges are now at risk.

...

Edmit examined financial trends at 937 private universities and added a conservative estimate of the Covid-19 impact: tuition losses of 10 percent in 2020 and 20 percent in 2021, a 20 percent decline in endowment earnings, and an offsetting 10 percent reduction in spending on salaries. Edmit did not estimate reductions in housing revenue, but colleges face millions of dollars in losses if dorms remain unoccupied.

Those assumptions increased the number of colleges ranked with “Low” financial health — defined as being on track to run out of money within six years — by nearly 50 percent, to 345, more than one-third of all private colleges studied.

BC