College Classes Go Online. Families Demand Rebates
During the COVID-19 pandemic, universities are turning to online fall classes. Students and parents are demanding tuition rebates, increased financial aid, reduced fees and leaves of absences to compensate for a diminished college experience. Schools have been divided in their responses.
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While some universities are offering discounts, most are resisting. They argue that remote learning and other virus measures are making their operations more, not less, costly at a time when higher education is already struggling. Reopening this fall is predicted to add approximately 10 percent to a college’s regular operating expenses—costing the country’s 5,000+ colleges and universities a total of $70 billion.
The price of tuition was unsustainably high. COVID-19 is not disrupting the landscape but accelerating inevitable change. To stay afloat, institutions of higher education will need to adapt quickly to a hybrid model and find new streams of revenue.
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WORDS BY
ASSOCIATE COPY DIRECTOR
ERIC LANE