Impact Of Coronavirus (COVID-19) On College Tuition And Finances – Forbes
Recently, we looked at the impact of coronavirus (COVID-19) on colleges and universities. That article looked at the effects on colleges and universities in general, while here, the focus is more on the effects in regards to tuition and related financial matters. For both students and colleges, the coronavirus crisis has created a massive disruption in the financial “norm” of higher education. With schools closing, switching solely to online, restructuring classes, cutting costs and so much more, some of the most basic assumptions about college and college life have already been thrown out the door.
Impact of Coronavirus (COVID-19) on College Tuition and Finances
Long before the coronavirus pandemic, college costs had already entered unprecedented territory. According to a study by BrokeScholar, the average cost of tuition and fees — in inflation-adjusted dollars — at both private and public schools has more than tripled from the academic year 1971-72 to 2019-2020.