Sophie Quinton, Pew Trusts
The pandemic has thrown every college revenue source into question, from student tuition payments to endowment earnings, football ticket sales and university hospital revenue. It’s also landed colleges and universities with unexpected extra costs, such as paying to launch online versions of in-person classes. If state higher education funding and enrollments take a dive in the months to come, layoffs likely will accelerate, higher education experts say. A collapse in enrollment and employment could, in turn, hurt college towns that rely on students, faculty and other workers to shop and eat local.
Share on Facebook