Category: COVID-19

education higher
Feb 18, 2021
Latest News on Coronavirus and $23 Billion Higher Education Relief Bill

According to the New York Times, many American universities and colleges have either opted for online classes or delayed the beginning of their spring semester to prevent the spread of coronavirus on their campuses. Because of the fear that students may bring the virus into campus dorms and eventually spread it to surrounding communities, some […]

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Coronavirus Stimulus Bill
Feb 04, 2021
COVID-19 Stimulus Bill Grants $23 Billion for Colleges and Universities

On December 24th, 2020, President Trump signed into law the latest COVID stimulus bill, effectively granting American colleges and universities $23 billion from the $900 billion coronavirus stimulus bill. However, the American Council of Education has described this amount as “wholly inadequate.” Higher education representatives were advocating for a $120 billion relief package to help […]

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College shed since pandemic
Jan 21, 2021
How COVID-19 Has Compelled Colleges to Shed a Tenth of Their Employees

Per the U.S. Bureau of Labor Statistics (BLS), the country’s unemployment rate hit a record peak of 14.7% in April 2020, with colleges laying off at least 10% of their employees, due to the COVID-19 recession. According to the Chronicle of Higher Education, more than 50,900 employees from 218 universities and colleges across the country […]

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faculty understood the campus money
Nov 12, 2020
How Covid-19 Has Reinforced the Need for Faculty to Understand Campus Money

The financial picture of education has left many colleges in a somewhat dismal state regarding moving forward during the pandemic. Administrators now face the additional issue of educating faculty members about economic shortfalls related to education funding caused by COVID-19. Even if faculty understood the campus money, there’s still no guarantee schools would be saved […]

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texas universities shedding jobs
Oct 22, 2020
Coronavirus Driven Financial Crisis Forces Texas Universities into Job Shedding and Lay-Offs

The pandemic has taken a toll on the financial health of college campuses across the nation, particularly in Texas. The pandemic has drained $11.5 billion in the state’s budget, as Texas A&M coronavirus fallout has led to $147 million in lost revenue. The governor has asked state agencies, including colleges, to plan on tighter budgets. […]

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salary increase decline
Oct 08, 2020
How COVID-19 Has Led to Salary Increase Budgets Decline for the First Time in 12 Years

While many employers still anticipate an economic rebound in 2021, the first decline in the salary increase budget in 12 years has become evident, following a 2020 midyear survey of businesses. Here are some key results related to expected salary projections for the coming year: Salary Increase Budget Decline Projected for the First Time since […]

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financial havoc during covid 19
Sep 24, 2020
Colleges Laying off Faculty Due to the COVID-19 Financial Constraints

COVID-19 has wreaked financial havoc across many industries, including higher education. The pandemic and mass shutdowns have led to rising college layoffs and furloughs. While online learning can be a solution, university administrators must still work with tight budgets and weigh the costs of financial havoc during COVID-19. Financial Challenges for Universities In the year […]

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faculty members to reduce costs
Jul 09, 2020
Faculty Cuts: A Grim Reality

The COVID- 19 pandemic has led to massive unemployment across the world, particularly in the US. While several corporate businesses are laying off employees with years of experience, universities and colleges are doing the same with their non-tenure-track and online adjunct faculty.  The Plight of Faculty Members Money Matters With several projects delayed and admissions […]

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Impact of COVID-19 on Colleges and Universities
Jun 18, 2020
How COVID- 19 Has Affected Colleges in the U.S.

COVID- 19 has forced many enterprises to rethink their working conditions. Businesses are taking the health of their employees into account and turning to online services instead. The same stands true for educational institutions as well. Here’s how coronavirus has affected colleges and universities in the U.S.: Impact on Classes While the virus has stopped […]

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