Published time: 19 May 2020
Authors: Sumantra MaitraJenna Robinson
Keywords: academia, budget, covid19, funding, Higher education universities
The current crisis will raise existential questions for small and mid-tier institutions. Only universities with massive endowments and highly competitive admissions will escape the effects of the coming enrollment cliff. Special coronavirus relief funding from state and federal governments will improve cash flow in the short term, but they are not permanent solutions. Colleges must act now to cut unnecessary expenses while preserving core academic functions.
Higher Education After COVID-19