Harnisch said the relief will certainly help colleges and universities at a time when they need it most, the amount won’t be enough for them to stabilize themselves from the financial blow caused by the pandemic. “It’s really unprecedented, the financial stress that institutions are under with losses in auxiliary revenues, increased student need, unanticipated expenses and state budget cuts,” he said. “And while it’s important that this bill passed, it doesn’t go far enough.” … The relief bill also doesn’t provide any money to states for education, which will strain those governments as they craft their budgets for next year, Harnisch said. “We’re looking at collectively $450 billion or more in state budget shortfalls, and higher education will be the most vulnerable items in state budgets in the months ahead,” he said.

Read full article [here].
by Betsy Foresman, Ed Scoop.

Posted: December 29th, 2020, by: admin. Categories: . Awaiting Comments.