How Will The Coronavirus Impact Small Colleges?

The video discusses the closure of MacMurray College in 2020, highlighting the impact of the COVID-19 pandemic on small colleges. It addresses financial challenges, declining enrollments, and the shift to digital learning. The video also explores government funding through the CARES Act and suggests strategies for small schools to generate additional revenue and collaborate with community partners to remain viable.

What was one of the main reasons for the closure of MacMurray College?

• Growth in endowments

• Increase in student enrollments

• Impact of the coronavirus pandemic

• Expansion of research centers

Why are smaller colleges more financially vulnerable compared to larger institutions?

• They receive more government funding

• They have larger endowments

• They rely heavily on tuition for income

• They have more research centers

What is a potential consequence for small colleges due to the pandemic?

• Closure of a few dozen colleges

• Increase in international students

• Expansion of campus facilities

• Rise in tuition fees

What percentage of students are unsure about re-enrolling according to the American Council on Education?

• One in four

• One in three

• One in five

• One in ten

What strategy is suggested for small colleges to stay financially viable?

• Increase tuition fees

• Collaborate with similar sized campuses

• Expand their sports programs

• Focus solely on digital learning