How To Lose Less
Than 19M in 2020
Inside HIGHER ED’s recent article, Colleges Could Lose 20% of Students by Scott Jaschik, provided these data points:
- 10% of college-bound seniors who had planned to enroll at a four-year college before the COVID-19 outbreak have already made alternative plans.
- 14% of college students said they were unlikely to return to their current college or university in the fall or it was “to soon to tell”.
- That figure had gone up to 26% exactly three weeks later.
Translation » $$$
The Calculation
The Average Public College Enrollment – the College Bound Student = the Result X the Average Public College Tuition
= Average Loss in Tuition Revenue
10%= -$7M/College
10% of college-bound seniors who had planned to enroll at a four-year college before the COVID-19 outbreak have already made alternative plans.
6,546 students x 10% = 655 x $11,260 = $7,375,300 in lost revenue for the 2020 Freshman Class.
14%= -$10M/College
14% of college students said they were unlikely to return to their current college or university in the fall or it was “to soon to tell”.
6,546 students x 14% = 916 x $11,260 = $10,314,160 in lost revenue of currently enrolled students.
26%= -$19,164,520/College
That figure had gone up to 26% exactly three weeks later.
3 weeks after the initial interview, 26% of the college students interviewed said they were unlikely to return to their current college or university in the fall
6,546 x 26% = 1,702 x $11,260 = $19,164,520 in lost revenue of currently enrolled students.
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