Covid-19 could push some universities over the brink
Higher education was in trouble even before the pandemic
In The News Piece in The Economist
Aug. 8, 2020
Kevin Carey was quoted in The Economist about the budgetary pressures COVID-19 is putting on most colleges while elite, prestigious universities remain financially secure.
Some of these institutions are indeed in a risky situation. And yet, for the most part, elite universities are well placed to make it through the crisis thanks to hefty cash reserves and the ability to borrow on more generous terms. The very top tier are unlikely to struggle for students for long. “If you’re a prestigious institution, people are not going to turn down a hard-won opportunity to earn a diploma that has a lot of brand value, even if earning it turns out to be less fun and more inconvenient than they thought it would be,” thinks Kevin Carey of New America, a think-tank.
Read the full article here.