Monday, March 23, 2020

Already stretched universities now face tens of billions in endowment losses - Jon Marcus, Hechinger Report

Even before the crisis, endowment returns and payouts had been comparatively low. “A lot of endowments are going to suffer big losses from this,” said Charlie Eaton, a sociologist at the University of California, Merced, who studies the financialization of higher education. Making matters worse, the massive setback comes on top of existing financial challenges resulting from an unprecedented enrollment decline, leaving many universities poorly positioned to cope. “Most schools are running with very little cushion, especially regional privates,” said Kaitlyn Maloney, senior director of research at the education consulting firm EAB.

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