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.
NEWS BRIEFS: Company Releases COVID-19 Impact Projections on Higher Education
May 10, 2020/ Higher Ed, Perspectives/ No Comments/