Tuesday, September 22, 2020

AU estimates budget loss of up to $116 million for 2021 fiscal year - Sophie Austin, THE EAGLE

American University is projecting a potential budget loss between $104 million and $116 million for the 2021 fiscal year, resulting from the coronavirus pandemic, according to Matthew Bennett, AU’s vice president and chief communications officer.  In an email to The Eagle on Thursday, Bennett said that some of the major causes of the shortfall include lower enrollment, a 10 percent tuition discount, and the loss of revenue from housing and dining, as the fall semester is essentially entirely online.

https://www.theeagleonline.com/article/2020/09/au-estimates-budget-loss-of-up-to-116-million-for-2021-fiscal-year