Coronavirus and Higher Ed. Bailouts

[link removed][UNIQID]

CounterCurrent: Week of 3/22
Coronavirus and Higher Ed. Bailouts

CounterCurrent is the National Association of Scholars’ weekly newsletter, bringing you the biggest issues in academia and our responses to them.
[link removed][UNIQID]
Category: Higher Ed. Finance; Reading Time: ~2 minutes
------------------------------------------------------------


** Featured Article - Federal Rescue Package for Higher Ed by Nate Johnson ([link removed][UNIQID])
------------------------------------------------------------

If you follow the news, even casually; if you’ve spoken to another human being in the past month; if you’ve done none of these things and live under a rock, you know that COVID-19 has adversely impacted virtually every sector of public life in the United States and many nations abroad. Understandably, it’s all we can seem to talk about. Schools, restaurants, movie theaters, sports leagues, and many more have closed their doors. Millions have suddenly found themselves out of work. The government has promised relief, but it won’t be enough to make things go “back to normal” anytime soon.

Higher education is, of course, part of this equation. Nearly every college and university in the country has switched to online “distance learning” for the remainder of the semester. Many more have strongly recommended or even ordered their students to return home. Until when? At least until next semester, if not later. No one really knows the extent to which this viral threat will damage higher education, especially with regards to finance.

This pandemic is going to cost schools a lot of money—that much is clear. Many more high school seniors may opt for gap years in order to “wait out the storm” before heading off to college. International enrollment will likely decrease, as students will be unsure about their ability to return home due to unpredictable travel restrictions. Many schools’ top donors are losing money due to the drastic economic downturn, meaning they will be giving less across the board. These are just to name a few.

As is happening with other sectors, some kind of federal assistance is in order to help higher education regain its footing. But what form should this take? In this week’s featured article ([link removed][UNIQID]) , Nate Johnson of Inside Higher Ed offers some rather extreme recommendations as part of a $72 billion higher education bailout. These include:

Immediate doubling of Pell Grant awards to all 2019-20 recipients, fully paid out to students. All government or institutional collections on loans and student account balances would be temporarily suspended for recipients, and students could choose to use the funds for anything they need -- education expenses at their current or a different institution, living costs, technology purchases, sanitizing wipes, helping other family members, etc. (rough cost of $29 billion). [emphasis added]


We can discuss the pros and cons of government-sponsored Wet Wipes another time. What stands out at first glance is the incredibly wide-ranging scope of Johnson’s recommendations for students, quite literally including “anything they need.” Notably absent are any cuts on behalf of colleges and universities. Now that students have returned home for distance learning, countless higher ed administrators—from the offices of diversity & inclusion, Title IX, student life, etc.—suddenly have very little to do. Maybe Chief Diversity Officers’ six-figure salaries can be cut to help save schools. Or the hefty funding allotted to Offices of Multicultural Affairs can be temporarily slashed during a time of emergency. Or countless other cuts to expenses about which we don’t even know.

There are many possibilities that would allow colleges and universities to save money in addition to receiving it. But will they be willing to sacrifice some of their extraneous administrative bulk in the process? I’m doubtful, but it’s certainly an issue worth watching.

Until next week.

John David
Communications Associate
National Association of Scholars


Note from NAS President Peter Wood:

New York City is officially on full lockdown. Unfortunately, this means that we will not be able to receive your lovely letters, checks, or other essential deliveries. Therefore, in the coming weeks and months, I encourage you to donate online and write to us at [email protected] (mailto:[email protected]) or directly to our staff — you can find their emails on our staff page ([link removed][UNIQID]) . For those of you who donate or renew your memberships by mail, know that we will work to retrieve those already delivered or in transit, but it will take time.

If you’d like to donate, you may do so online at nas.org/donate ([link removed][UNIQID]) . For memberships, please visit nas.org/join ([link removed][UNIQID]) .

I’m thankful for your continued support and pray for the health of you and your families as we move through this extraordinary period in the life of our nation.
Read More ([link removed][UNIQID])
For more on higher ed. finance and administration:
[link removed][UNIQID]

March 16, 2020


** Help students think twice before they go into debt ([link removed][UNIQID])
------------------------------------------------------------

Neetu Arnold

President Trump recently unveiled his 2021 budget proposal, which contains several provisions designed to mitigate the student debt crisis.

[link removed][UNIQID]

March 16, 2020


** When Money Speaks Louder than Work ([link removed][UNIQID])
------------------------------------------------------------

Dov Liberman

Academia's dependence on government funding has led to a steady decrease in universities' quality of research, undergraduate education, and more.

[link removed][UNIQID]

December 6, 2019


** Social Justice Education in America ([link removed][UNIQID])
------------------------------------------------------------

David Randall

A comprehensive examination of the inner workings of social justice advocates at more than 60 universities and how they have insinuated themselves into the university system to propagandize students.

[link removed][UNIQID]

October 21, 2019


** The Ivory Debtors' Prison ([link removed][UNIQID])
------------------------------------------------------------

Neetu Arnold

Administrative bloat and extraneous spending by colleges and universities are draining the American middle class while enriching administrators and politicians.


** About the NAS
------------------------------------------------------------
The National Association of Scholars, founded in 1987, emboldens reasoned scholarship and propels civil debate. We’re the leading organization of scholars and citizens committed to higher education as the catalyst of American freedom.

============================================================
Follow NAS on social media.
** Facebook ([link removed][UNIQID])
** Twitter ([link removed][UNIQID])
** YouTube ([link removed][UNIQID])
** Website ([link removed][UNIQID])
** Donate ([link removed][UNIQID])
| ** Join ([link removed][UNIQID])
| ** Renew ([link removed][UNIQID])
| ** Bookstore ([link removed][UNIQID])
Copyright © 2020 National Association of Scholars, All rights reserved.
You are receiving this email because you opted in via our website, membership or donation forms, contact forms at events, or by signing open letters.

Our mailing address is:
National Association of Scholars
420 Madison Avenue
7th Floor
New York, NY 10017-2418
USA
Want to change how you receive these emails?
You can ** update your preferences ([link removed])
or ** unsubscribe from this list ([link removed])
.