The financial impact of Covid 19 are taking a toll on colleges and Universities.
I saw this in the Greensboro paper this morning.
https://www.greensboro.com/news/educatio...3cd0d.html
"GREENSBORO — Less than a week after Guilford College announced that its president would step down next year, the private Quaker college has announced it's eliminating 45 staff positions and five visiting faculty roles.
In addition, 34 vacant positions will remain unfilled, a college spokesman said.
“This is a hard step to take,” Guilford College President Jane Fernandes said in a Wednesday news release. “But the COVID-19 pandemic has exacerbated financial challenges for virtually all colleges and universities nationwide. We have to recognize and respond to these challenges.” ".
Guilford College is a Quaker school founded in 1837. The college last year had about 2,100 students with an endowment of around $87 Million dollars.
In the sports world Guilford has given us NBA stars ML Carr and World B. Free, along with former Wake Forest head coach, Dave Odom.
The questions facing Guilford and every other college in America, can they hold on long enough to survive, and will there be enough "there" to re-build?