Moody’s: Higher ed’s recovery from coronavirus impact partly depends on government response – Education Dive
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Dive Brief:
- How state and federal governments respond to the coronavirus pandemic could make it harder for U.S. universities to recover from the economic fallout of the crisis, according to new research from Moody’s Investors Service.
- If the U.S. does not quickly stem the outbreak, international students will likely be wary of coming here for their education, the analysts write. The nation’s public universities are also at a higher risk of declining government support than are foreign institutions.
- The report is yet another dire prediction that the pandemic will cause the U.S. higher education sector to struggle in the 2021 fiscal year and beyond.
Dive Insight:
The outbreak’s duration will determine the size of its impact on colleges and universities. If campuses can reopen before the next academic year, “the effects on demand and budgets will be more manageable,” Jeanne Harrison, vice president at Moody’s, said in a statement.
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