Quote:
Originally Posted by M_Six
All the state universities are having to give back housing and dining costs as well as losing the income from dining halls and food courts. For instance, Wifey and I eat at the dining halls many times per month. We're not doing that now, but the university is still paying the food service workers. You look at what that costs a big university like Univ. of Illinois, and the bucks add up quickly.
On top of that, there are many, many students whose tuition is partially paid by their student worker jobs. The university can't just stop paying those students or they will be dropped from their programs. There are many such intangibles that are not widely known by the public in general.
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Got it - all that makes sense. I'm sure the public institutions will be reimbursed eventually from the public coffers. But the smaller private colleges are probably in a world of hurt. They're seeing their endowments lose value and are probably having to dip into them to cover expenses.
There's some speculation that this will be the impetus for major change at colleges and universities, but I'm skeptical. I think there will only be major structural changes when/if higher education is weaned off of its addiction to student loan debt, but I'm not climbing onto that soapbox here.