The Pandemic Caused a Huge Financial Hit to Public Research Universities

IBL News | New York

The 199 U.S. public research universities—which employ three million faculty and staff—lost $17.7 billion in revenues during the pandemic and employment fell 14%. In addition, they had to spend another $3.1 billion to take safety measures last fall.

This is what the Association of Public and Land-grant Universities (APLU) reported to Congress while requesting relief funding. So far, they have received $5.7 billion.

“APLU urges Congress to provide $97 billion in the next Higher Education Emergency Relief Fund to address the emergency needs of colleges and universities and those we serve.”

“The $15.1 billion gap of funding number will, unfortunately, continue to grow significantly,” announced APLU.

On the other hand, the University of Michigan’s Ann Arbor campus’ students will remain at home for two weeks to slow the spread of the virus, following the recommendation of health officials. The university has recently identified 175 COVID-19 cases among students, including 14 of the B.1.1.7 variant that was first detected in Britain.