The impact of the virus affects schools on many fronts.
With stock markets taking a big hit, donations are certain to be down, especially major gifts.
While kids (and their parents) hell bent on going away to their school of choice may stay the course, for top students, there are opportunities to maybe even get off a wait list and attend a dream school.
One of the most exciting weeks filled with trepidation are those first weeks on campus when you meet your roommate that you've chatted with on social media all summer, fall in with a small (sometimes temporary sometimes permanent) mob of kids you met at orientation, and begin your college journey with a new set of potential lifelong friends to make the journey with.
Parents who saved diligently for their kids education in growth stocks or funds may find themselves 25% short of their goals, furloughed or without a job, or seen their own business crushed by the virus.
Living in a dorm usually means at the very best, you get a horrible case of a foot infection from showers, to catching a flu bug from a roommate, or even having everyone on your dorm floor sick. At worst, fears of catching a lethal virus in conditions that usually are far from antiseptic may cause some families to wisely think twice.
This may be a time for kids to simply work for a year or two to figure out what they want to do. That is, if there were any jobs available.
My suggestion to universities is to offer a flex tuition plan. Should the fall semester be remote studies, refund 30% of tuition to students and full credit on room and board. Should move in be during the semester and a switch to in person classes, prorate that amount. Schools can offer all sorts of financial incentives that protect students from paying in person tuition and in stead receiving internet coursework.