As Campuses Become COVID Hotspots, Colleges Strain Under Financial Pressures
A student walks on campus at the University of South Carolina. During the final week of August, the university reported a 26.6% positivity rate among the student population tested for the coronavirus.A student walks on campus at the University of South Carolina. During the final week of August, the university reported a 26.6% positivity rate among the student population tested for the coronavirus.
Carlson estimates that about 20% of American colleges or universities are offering primarily in-person classes, while 16% are offering a mix of in-person and online experiences. Many others are completely virtual. Carlson notes that in many cases, the decision to offer in-person classes was driven largely by financial concerns.
Add to that athletics. There are a number of schools that have prominent athletic programs. Very few schools actually make money off of the athletics, but even when they don't make money off the athletics, the athletics ends up being something that attracts students both to go to school there — to play athletics, but also to watch the athletics. So if sports is not going on, that ends up being a hit. I think of a place like Monmouth College, for example, in Illinois.
On top of that, after the 2008 recession, families were hit financially. And what we've had over the past 10 years or so is really limitations on the amount of money that families can devote to a college education. And that's been tough on colleges that have a high sticker price, even if the actual price those students are paying is a bit lower, if they have a high sticker price, it's just been something that has dissuaded families from wanting to enroll there.
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