The majority of college faculty members and administrators feel prepared to teach at least some classes online, according to a new survey of nearly 900 instructors and administrators conducted in early August. However, around a third of instructors and a fourth of administrators said they are "pessimistic" about the future of higher education, though they were more optimistic about their roles in the field and their institutions' outlooks. Faculty and school officials must balance the competing impacts of pandemic-related revenue reductions and the need for investment in online learning.