COVID-19 has financially impacted colleges and universities across the nation in numerous ways. From forced housing refunds to declining enrollment and loss of revenue, many community colleges wonder what the 2020/21 semester will look like – if they have one.
In this article, we’ll explore the financial impact of COVID-19 on community colleges and what they are doing to make up for lost funds. We’ll also touch on predictions for enrollment in the 2020/21 school year and examine the data we’ve already collected regarding the impact of the pandemic on community colleges as well as their faculty and students.
How Have Budget Cuts Affected Community Colleges?
Though the novel coronavirus had already taken hold in numerous countries by then, the World Health Organization (WHO) didn’t announce COVID-19 as a global health crisis until March 11, 2020. Within weeks, thousands of businesses closed their doors, and millions of college students were sent home.
Schools nationwide scrambling to take their programs online were met with the additional challenge of unequal access to resources among their students. For thousands of students, the college experience was significantly altered, and not everyone took it in stride. Students sued several colleges for tuition refunds, and many colleges were forced to provide housing refunds, often over $1,500 per student.
Now that most colleges and universities have officially completed their 2019/20 school year, colleges are left wondering what the next will bring. Many schools find themselves facing budget shortfalls that will undoubtedly impact