College Revenues Shrinking During Coronavirus Pandemic
U.S. colleges and universities are bearing a greater financial impact from the coronavirus pandemic than anticipated, education officials say.And they are asking for help.The schools received $2.9 billion in federal support through the FILE – A building at the University of Maryland’s Baltimore campus is seen after sunset, Aug. 19, 2019, in Baltimore.The University of Maryland (UMD) has also taken a hard hit as it faces a $292 million budget cut in the next fiscal year. Some employees will see a salary cut, but those who earn less than $150,000 annually will not face reductions, according to FILE – Amore
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