Colleges across the nation are scrambling to close deep budget holes and some have been pushed to the brink of collapse after the coronavirus outbreak triggered financial losses that could total more than $100 million at some institutions. Scores of colleges say they’re taking heavy hits as they refund money to students for housing, dining and parking after campuses closed last month. Yet college leaders say that’s only the start of their troubles: Even if campuses reopen this fall, many worry large numbers of students won't return. “We may be looking at cutting academic programs if it comes to it. It’s a dire situation if the worst comes to pass.”

Source: International New York Times April 07, 2020 04:30 UTC