Millions of students across the country face financial strains and health fears as they decide whether to return to colleges and universities this fall.
Colleges brace for stagnant enrollment
In the fall, Fitch Ratings forecasts that annual enrollment declines could range from 5% to 20% for many colleges and universities as a result of the pandemic. Private colleges could experience more meaningful financial effects than public colleges, given a higher reliance on tuition and student fee revenues, for which the median share of total revenue is 82%, compared with 38% for rated public universities, according to Fitch Ratings.
Contreras, an aerospace engineer major, will have his classes online this semester, Degutis says. But his housing options are up in the air if he doesn’t return this fall. He was guaranteed housing on campus for his first two years with his financial aid package, but if he comes back in the spring, he’ll be put on a wait list, she says.
“All of my son's classes are online, so my concerns as a parent are also about his mental health if he’s confined to his dorm room for 12 weeks,” says Degutis. “But then you think about her staying home indefinitely and not having any interaction with friends or teachers, so it seemed worse to remain at home.”
He’s scheduled to take four courses this semester. One is online, but he hasn’t received guidance about the other three. He’s worried that he’ll have to commute on campus and risk contracting the virus, he says.
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