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For returning college students - What do we do about plans to return to college in the fall?

I believe any plan for anything after July 1 must allow for the fact that some restrictions in some areas of the USA may exist in some form for an unknown time. What are your major concerns? Starting with the two issues below, please share your ideas for changes you are contemplating.

I believe any plan for anything after July 1 must allow for the fact that some restrictions in some areas of the USA may exist in some form for an unknown time. What are your major concerns? Starting with the two issues below, please share your ideas for changes you are contemplating.

Paying for College

Families -

Everyone is facing financial disruption of both income and savings. Each family must decide for themselves if they have the money at all, if there is a shortfall or if they can continue with their original plan. Remember than some students had received excellent financial aid packages covering all four years. Some had pre-funded their child’s education. A few families saved enough in their 529 plans to cover all four years.

Colleges –

Everyone is facing financial disruption of both income and savings. Each family will initially decide if they have the money at all, if there is a shortfall or if they can continue with their original plan.

Colleges have resources that families do not. Key among them are their endowments and their ability to borrow large sums of money at low intertest rates to subsidize (reduce) tuition or to lend to students. For families who remain able to pay tuition, what incentives can we provide to have them send their child to our college rather than another?

Education model - On-line classes are here to stay

Families –

We were not ready to take the leap to on-line learning last fall. However, when faced with the need to complete the semester, on-line learning became the norm for Kindergarten to post-grad work. What should we expect to pay for a semester filled primarily with on-line classes? How accessible is the professor? If we are watching a recorded lecture, should there be an adjustment to tuition? What about transferring credits from approved on-line classes taken elsewhere?

Colleges –

Wow – look how quickly everyone adopted on-line learning. How do we change the education experience to allow for BOTH in-person and on-line options for the same class, same professor? Do we price them differently?