Reply to Swamis: How will economic impact of COVID change college admissions prospects in 5+ years

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[quote=Anonymous]I know there's a lot going on in the world & at colleges & universities - but interested to think about how this is going to impact college admissions and dynamics moving forward.

Swamis (and analysts): Any predictions?

From Politico today:

UNPRECEDENTED FINANCIAL UNCERTAINTY LOOMS FOR HIGHER EDUCATION — More than halfway into the fall semester, the nation’s colleges and universities continue to grapple with preventing and responding to Covid-19 outbreaks on their campuses. The results have been mixed as some schools manage in-person instruction with relatively few disruptions while major spikes at other schools shut down campuses once again. 
— But beyond the immediate public health concerns, a large swath of the nation’s colleges are in a state of uncertainty about their fiscal health. Universities with multibillion-dollar endowments surely will ride out the pandemic relatively unscathed. But the majority that depend heavily on tuition revenue or state appropriations are staring down major financial obstacles.
— “This is orders of magnitude worse for higher ed than the Great Recession,” Robert Kelchen, professor of higher education at Seton Hall University, told Morning Education. Fewer students are enrolling overall in higher education while colleges face higher costs for virtual learning and campus safety measures. Colleges are also losing out on large chunks of so-called auxiliary revenue — money they bring in from services like housing and dining — which can comprise as much as 25 percent of some colleges’ operating budgets. And state budget cuts are either on the table or have already happened in some states. 
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