The Unfrozen Cave
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Pa. state universities anticipate up to $100M loss from providing students refunds for room and board
Pennsylvania’s 14 state universities are facing a severe financial hit because they won’t resume in-person classes for the last half of the spring semester due to the coronavirus.
The State System of Higher Education is projecting a loss of $100 million in total for the universities, due to refunding tens of thousands students a portion of their room and board payments.
Refunding other fees, for student recreation centers, parking, student union and others, would be on top of that.
Each university will have to find money within their own budgets to cover that loss and the system is leaving it up to each one’s discretion, said system spokesman David Pidgeon. Most of the universities have already communicated to their 96,000 students about their plans for issuing refunds.-- excerpt, rest at link above --