"The higher education sector has not escaped the effects of the coronavirus, which has forced many institutions to close classrooms, move instruction online and empty residence halls," Education Dive reports.

"Administrators anticipate their colleges will take a financial hit as some refund room and board money and create new digital infrastructure to ensure students can complete their work online. Future enrollments have also been called into question, as college leaders fear the economic turmoil the virus created will inhibit students, particularly from overseas, from attending four-year institutions in the U.S.

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Congress earmarked nearly $14 billion for higher ed in the legislation, which is called the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Almost all of that sum, about $12.5 billion, will go to institutions directly, according to the National Association of Student Financial Aid Administrators."

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Publication Date: 4/3/2020