Thursday, April 30, 2020

Pa.’s state universities facing immediate hit of up to $100 million as lawmaker floats closures as worst-case scenario - Gillian McGoldrick, Philadelphia Inquirer

The state’s 14 public universities are projected to lose from $70 million to $100 million this spring semester, which a top official conceded will require a “dramatically” accelerated plan for reform, though he balked at the idea of closures. The losses are the result of a system-wide shutdown in response to the coronavirus outbreak and primarily are refunded room and board payments, Chancellor Dan Greenstein said in an interview. That reality plus a shrinking pool of high school graduates to recruit will require major changes.
https://www.inquirer.com/education/spl/pennsylvania-coronavirus-state-system-financial-hit-100-million-20200415.html