Private higher education institutions kept their expenses in line with revenue during fiscal 2020, showing they "are flexible enough" to endure short economic contractions, a new report from Moody's Investors Service explains. The nearly $14 billion in federal relief made available to colleges early in the pandemic offset some initial losses, according to the analysis, which is based on schools Moody's rates. But continued expenses, lost revenue and enrollment declines have been a strain on colleges in the months since.
