Rau, director of engagement and outreach for the University's School of Music, Theatre & Dance. But with two programs devoted to theater and dance canceled, that will cost the university about $200,000 in revenue, says Sarah J. MPulse was able to move 10 of its 12 summer programs online. But there's also auxiliary revenue, which Marsicano says comes from summer camps, dining services and special events. "The pain is still going to be real for even the wealthiest of institutions."īroadly, colleges are financed in three ways: from state appropriations, tuition and fees, and from endowments. "Any school that relies heavily on summer revenue is going to have a hard time making ends meet," says Chris Marsicano, an assistant professor of the practice of higher education at Davidson University. Despite virtual alternatives, many colleges and universities, like Michigan, are losing millions of dollars in revenue. MPulse is one of countless college summer programs canceled or moved online by the coronavirus pandemic. This year, those lecture halls are empty and the stages silent.
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