According to a new analysis more than dozens of colleges and universities in New York State are among those most likely to perish amid the coronavirus crisis. Experts have predicted 10% to 20% of U.S. higher education institutions may be forced to close permanently within the next 12 months according to the Boston Business Journal.
Many colleges were already struggling financially even before COVID-19, and now many of them are facing a huge loss of revenue if fewer students are on campus to pay for room and board.
A New York University marketing professor named Scott Galloway has published a blog post outlining which schools are expected to “perish, struggle, survive or thrive” due to Covid-19.
437 colleges have been listed, comparing their tuition, endowment, percentage of international students, and other data from the U.S. Department of Education, US News and World Report, and Niche.com’s Student Life Scores.
The schools were divided into four quadrants by Galloway based on their “vulnerability score” and warning those with low endorsements and dependence on international student’s tuition and fees.
According to Galloway’s analysis, nearly 90 schools are in danger of perishing including five in Upstate New York and 14 state-wide:
- Adelphi University
- Bard College
- Daemen College
- Fordham University
- Hofstra University
- Long Island University
- Pace University
- Sarah Lawrence College
- Skidmore College
- St. John’s University
- St. Lawrence University
- The New School
- The Saga Colleges
- Yeshiva University
According to the analysis, some schools like Cornell University, Hamilton College, and SUNY-ESF are expected to thrive while Syracuse University and the University of Rochester will survive.
Galloway wrote “Small college towns across the country are being set up for disaster. Distancing, plexiglass, guarantees, reconfigured dorms; A/B class shifts…all efforts taken in good faith, doubtlessly endorsed by medical advisors.
But, on-campus measures will only be effective with adherence to off-campus measures. It’s delusional to think students will keep 6 feet apart,” He added “The bucolic, culturally rich college towns across America may pay a steep price.
Many are not prepared for a surge of infections. Others at risk cohorts include cafeteria workers, maintenance crews, security guards, librarians, bartenders, cab drivers, and their spouses and family members, and anyone else unfortunate enough to have made the once perfectly reasonable decision to live in a college town.
And, if/when there is an outbreak, the healthcare infrastructure of these university towns could be overrun in a matter of weeks, if not days.