Challenges to higher ed

The economic challenges the university faces are not unique to Marquette. Universities nationwide are facing similarly difficult situations, and the higher education landscape will be shifting considerably in the coming years as a result.

As this New York Times article from Oct. 26, 2020, put it, “As it resurges across the country, the coronavirus is forcing universities large and small to make deep and possibly lasting cuts to close widening budget shortfalls. By one estimate, the pandemic has cost colleges at least $120 billion, with even Harvard University, despite its $41.9 billion endowment, reporting a $10 million deficit that has prompted belt tightening.”

Following is an inexhaustive digest of news articles from across the United States that lay bare the stark financial realities with which the higher education industry must contend now and for years to come.