Pandemic takes higher education to school
Financial losses were inevitable; recovery and growth a process
The University of Memphis has taken the biggest hit among local colleges due to the pandemic. Money lost, on everything from slowed revenue streams to unexpected expenses for testing and safety protocols is “probably in the ballpark of $55 million to $58 million, and that doesn’t include students that ultimately ended up withdrawing,” U of M President M. David Rudd said. (Mark Weber/The Daily Memphian file)
The COVID-19 pandemic reduced some revenue streams to a trickle at four-year colleges and universities. But coming out of the pandemic, administrators believe they are smarter and more efficient. “Really, what the pandemic did is it accelerated the pace of change,” said U of M President M. David Rudd.
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COVID-19 pandemic Higher education CBU Jack Shannon University of Memphis M. David Rudd LeMoyne-Owen College Vernell Bennett-Fairs Rhodes College Kyle WebbDon Wade
Don Wade has been a Memphis journalist since 1998 and he has won awards for both his sports and news/feature writing. He is originally from Kansas City and is married with three sons.
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