Growing pressures from inflation are likely to translate into higher operating costs for colleges, most of which will not be able to compensate by raising tuition, according to a report from Fitch Ratings. Colleges will likely see higher costs for supplies and labor in 2022, Fitch projected. Most will be able to absorb increases because they saw relatively limited expense growth in 2020 and 2021. But their cushions will fade beyond the current fiscal year as they use up COVID-19 relief funds from the federal government.
