NEWS BRIEFS: Company Releases COVID-19 Impact Projections on Higher Education

It’s bad news for the sector. EDMIT “estimated that COVID-19 will decrease colleges’ tuition revenue by 10% in the first year and 20% in a second year, cut investment returns by 20%, and cause institutions to lower their salary expenses by 10%. Data for the projections come from the federal government’s Integrated Postsecondary Education Data System. Under the baseline, non-coronavirus projection, 235 institutions would have been considered at high risk. Another 215 would have been at medium risk and 485 at low risk.” Read more from Inside Higher Education.

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