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More colleges project tuition revenue will decline: report

October 29, 2020

Colleges are losing out on auxiliary revenue and have been burdened with expenses associated with reopening campuses and expanding online learning.

Lower enrollment on many campuses this fall is compounding those financial challenges. Undergraduate student counts fell by 4% sectorwide from last year, preliminary data shows. Moody’s, in its new report shared with Education Dive, also highlights a 15% drop in international enrollment at private schools and a 20% drop at publics this fall.

Moody’s forecasts the effects of these enrollment declines on colleges’ finances. Median tuition revenue will likely fall between roughly 1% and 3%, for public and private nonprofit colleges, respectively, in fiscal 2021.

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