Home Tag "coronavirus pandemic"

The Hits to Higher Education Keep Coming (and Will Continue!)

In an article published Monday by the New York Times, reporter Shawn Hubler writes that the resurgence of the coronavirus has forced universities to make deep cuts to close widening budget shortfalls. Some of the examples that she provides include the elimination of low-participation liberal arts degrees at liberal arts colleges, pausing admissions to Ph.D. programs in liberal arts, eliminating undergraduate programs in higher education, and furloughing employees.

Observing the Pandemic Effect on the Restaurant Industry

When the March closure of non-essential businesses occurred, I was splitting my time between Austin, Texas and Baltimore, Maryland, and I happened to be in Maryland. Great friends of mine (Charles and Susan) owned a restaurant in Baltimore and closed it, even though restaurants were allowed to provide food through carryout and delivery. When I asked Charles why he was not providing carryout, he said that he needed to understand how his restaurant could provide carryout and keep his employees and customers safe.

Higher Ed Finance and the Need to Understand It Thoroughly

The coronavirus pandemic has impacted the finances of colleges and universities globally. With many colleges and universities in the U.S. reversing course and going online, some families are asking for tuition discounts. It’s too soon for final reports on enrollments, even as some universities report unprecedented numbers of incoming freshmen who requested an enrollment deferral (also called a gap year). There have been more than a few articles written about the financial impact of COVID-19, and a few more have attempted to rate or rank the financial risk of institutions based on publicly available data. Recently, I read an article written by a professor who argued that institutions should increase financial aid in a situation like this rather than discount tuition.