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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It's a money thing.

Brown's President spoke this week about the SERIOUS financial difficulty facing schools this Fall.

https://www.wpri.com/news/education/colleges-could-permanently-close-if-they-dont-reopen-this-fall-brown-u-president-warns/

“Even before the coronavirus pandemic there were predictions that large numbers of universities and colleges would have to close for financial reasons in the coming decade,” Paxson said in a Zoom interview Sunday evening. “A lot of them were teetering on the brink financially, and this is the kind of thing that if a university or a small college has to go an entire semester without tuition, room and board, I don’t see how they make it.”

I'm not sure Brown is hurting but there are certainly some smaller schools that might find themselves in trouble with Fall's revenue.

[/quote]

Actually, the smaller private schools may be less in danger as they have smaller numbers to fill, smaller budgets to cover and more control over adapting to the virus.  I'm most worried about the mid-sized/larger schools that got beyond their skis in the competitive college arms race and the non-flagship public colleges in states with no funds to bail them out. [/quote]

Highly selective schools are not primarily concerned about filling seats. Even if every last seat is filled and parents are willing to pay full tuition for what is certain to be a not-normal (and possibly partially to heavily online) experience in the fall, these schools are still losing HUGE amounts of money from canceled summer programming, likely loss of many/all full-pay international students for some period of time, cancellation of revenue-generating programs/events (e.g. athletics), significantly reduced philanthropy, etc. And schools that own health systems are in even bigger trouble (see Hopkins). The budget issues even for top-ranked private schools are massive. I’m not saying these schools will close; of course they won’t. But the climb back from this is going to be slow and painful.

(And, no, these schools cannot tap their endowments to cover these operating losses. Endowed giving is restricted in its use based on donor intent, spelled out in legally binding gift agreements.) [/quote]

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