The Bailout Is Just the Start: Why Higher Ed Needs to Build a Sustainable Model
Updated: May 27, 2020
This article is part of a series on the financial challenges facing colleges amid the coronavirus pandemic, and the need for proactive strategies.
Every sector in the United States has been shaken by the coronavirus pandemic. In higher education, the immediate needs seem clear: maximizing the safety of students, faculty, and staff; providing opportunities for remote learning; and adopting flexible policies for the duration of the crisis.
At some point, however, colleges will have to turn their attention to a post-Covid-19 world — one where endowments will be decimated, enrollments will be hard to fill, and private and public money will be hard to come by. What then?