25yearstreak wrote:
Great article in todays (4/22) Wall Street Journal page A3 which explains dilemma of colleges dealing with social distancing issues. etc and strategies to counter.
Enrollments will be done 15% with decrease in revenues of $23 billion. Parents are not going to send their children into a nest of potential disease. There are lawsuits pending against several schools for sending students home but not agreeing to refund part of the tuition for school plus room and board etc.
Interesting on how Harvard, Stanford and some other big schools returned small business loans to the government. They have huge endowments and really scammed the system. President of Penn earns $4.2 million. One school was going to get a $12 million dollar loan and the Presidents salary was over $6 million.
Seems like time to cost admin costs a bit.
They didnt scam the system. The rules for the program were written in deliberately vague language, and one of the two political parties wanted to throw another 1/4 trillion dollars into that hole with no changes to the guidance.