Coronavirus may cause permanent drop in college education: Cardinal Education CEO
Cardinal Education CEO Allen Koh shares his projections for the future of college education as coronavirus moves learning online.
College students throughout the nation were told to pack their bags and head home last month as concerns about the novel coronavirus set in.
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Schools responded by transitioning to the online model – a much more limited experience than in-person learning – but several have faced criticism from students over their lack of willingness to refund the pricey costs of in-person tuition and other fees.
In New York, Columbia, Pace and Long Island Universities have been sued by students who believe they deserve to be reimbursed for the remainder of the school year. As recently as Monday, a freshman at Vanderbilt University in Nashville, Tennessee filed a class-action lawsuit calling for repayment of tuition and room and board.
CORONAVIRUS-AFFECTED COLUMBIA, PACE STUDENTS SUE FOR TUITION, HOUSING COSTS
“College students across the nation are in whiplash right now, having been told in many instances to make emergency evacuations of their dorms and residence halls as colleges have shut their doors due to COVID-19,” said Steve Berman, who represents the students in the Vanderbilt lawsuit. “As if the shock of sudden campus closure was not enough, students are now left with holding the bill for amenities they will not receive, often to the tune of tens of thousands of dollars.”
While it’s not yet clear which colleges and universities, if any, will choose to suspend in-person classes for the fall 2020 semester, some, such as Boston University, have acknowledged that they are considering preparing for the worst.
BOSTON UNIVERSITY LEAVES CORONAVIRUS-PROMPTED FALL 2020 POSTPONEMENT OPTION OPEN
(iStock) Hundreds of higher education institutions have received federal funding meant to help colleges and students facing financial losses triggered by the pandemic. If the school accepts the funding, they're required to spend at least half on direct grants for students. Many schools, including Harvard, Yale, Stanford and Princeton, have turned down the money after facing immense pressure to do so. Meanwhile, others nationwide have received more than tens of million dollars in federal relief funding. THE 10 COLLEGES RECEIVING THE MOST CORONAVIRUS AID FROM THE CARES ACT FOX Business created a cost-comparison breakdown for in-person versus virtual learning at the universities that are receiving the most aid from the CARES Act. The information accounts for full-time student tuition costs for the Spring 2020 semester. It does not include additional fees or housing and meal-plan costs. CARES Act aid: $63,533,137 In-state resident: $5,355 Out of state: $14,400 Online: $5,355 for a state resident; $6,360 for a non-state resident CARES Act aid: $54,994,846 In-state resident: $8,960, but increases as students progress through their college careers Out of state: $17,492 but increases as students progress Online: $6,994 CARES Act aid: $54,160,640 In-state resident: Tuition ranges from $6,115 to $7,158 depending on the program Out of state: $12,487 to $16,897 Online: $7,800 if the student is meeting the full-time minimum of 12 credits. $550 per credit plus $300 fee (per each course, which, per Rutgers is three credits) CARES ACT aid: $51,071,250 In-state resident: $5,954 Out of state: $20,980 Online: In-state resident $5,028; out-of-state: $10,758 CARES Act aid: $49,074,737 In-state resident: $1,101.48 Out of state: $5,385.48 Online: Same as on-campus, plus a "distance learning fee" of $180 ($15 per credit) CARES Act aid: $45,243,852 In-state resident: $3,579.24 Out of state: $11,194.44 Online: $1,620 for full-time student taking 12 credits ($135 per credit) CARES Act aid: $44,652,328 In-state resident: $3,486 Out of state: $9,426 for students taking full-time minimum of 15 units (in-state tuition cost, plus $396 per unit) Online: Only appears to offer certain classes online, prices vary individually CARES Act aid: $42,885,215 In-state resident: from $3,937 to $5,542, depending on campus Out of state: $16,030.50 Online: Same as in-state tuition rate, plus a "distance fee" of between $100 and $105 per semester. The online program appears to offer only certain classes. CARES Act aid: $41,729,439 In-state resident: $2,871 Out of state: $5,643 for students taking full-time minimum of seven units (in-state tuition cost, plus $396 per unit) Online: Same as above (out-of-state fees apply) CARES Act aid: $41,021,512 In-state resident: $3,466.50 Out of state: $6,238.50 for students taking full-time minimum of seven units (in-state tuition cost, plus $396 per unit) Online: Price varies between $2,975 and $3,500. Online courses are limited based on the program. FOX Business' Megan Henney and The Associated Press contributed to this report. GET FOX BUSINESS ON THE GO BY CLICKING HERE Source: Read Full Article
1. ARIZONA STATE UNIVERSITY
2. PENN STATE
3. RUTGERS UNIVERSITY
4. UNIVERSITY OF CENTRAL FLORIDA
5. MIAMI DADE COLLEGE
6. GEORGIA STATE UNIVERSITY
7. CALIFORNIA STATE UNIVERSITY, NORTHRIDGE
8. OHIO STATE
9. CALIFORNIA STATE UNIVERSITY, LONG BEACH
10. CALIFORNIA STATE UNIVERSITY, FULLERTON