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Colleges look at delaying the first day of school … again - Marketplace

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The new year also means the start of a new semester for colleges and universities. But some institutions are once again delaying the start of classes, or moving what would have been in-person classes online. 

Those decisions are being driven by the pandemic, and the surge of infection rates around the country. But this second round of delayed starts and online classes will have both immediate and far-reaching financial implications for institutions. 

Marybeth Gasman’s daughter is a student at Bryn Mawr College. She was supposed to go back to school in mid-January and now she’s looking at mid-February. 

“They’re definitely coming back on campus and staying in residence halls,” she said. “But the last email we got was, you know, this could change at any point.”

Gasman isn’t only a college parent. She teaches at Rutgers and studies minority-serving institutions of higher education. Schools are weighing health risks and their finances to make decisions, she said.

“If you don’t have a safety net and you don’t have a strong endowment and you are very, very tuition reliant, your situation is much, much more dire,” Gasman said. 

Dire because of reduced enrollment and unexpected costs — millions of dollars spent on personal protective equipment and COVID-19 testing. 

Chris Marsicano is with the College Crisis Initiative at Davidson College. He said these decisions are harder for state schools and smaller ones.

“A lot of institutions are heavily dependent on tuition and room and board in order to keep their doors open,” he said.

School budgets are in worse shape now than they were last fall, said Robert Kelchen, a professor of higher education at Seton Hall. 

“But on the bright side, there’s a clearer ending point to the pandemic than there was in the fall,” he said.

That’s due to the vaccine. And, Kelchen said, schools have taken other steps: laying off staff, canceling majors, delaying entry to PhD programs and pay cuts. 

Kelchen said his pay was cut by 7% in the Spring. It’s unclear when it’ll be restored. 

What’s the latest on direct payments for Americans under the COVID relief package from the U.S. government?

The Treasury Department has already started sending out the new round of pandemic relief payments. The IRS says it started making direct deposits into some people’s bank accounts as of the last week of December. People who don’t have a bank account on file with the agency can look forward to getting either a paper check or a prepaid debit card in the mail. The cards have some advantages over paper checks — but some drawbacks, too.

How are retail pharmacies like CVS and Walgreens planning for vaccine distribution to the general public?

Eventually vaccines will be available for everyone at retail pharmacies. Preparing for that is a huge logistical and staffing challenge. Chains will have to predict how high demand will be at each store so they don’t end up wasting doses. They’ll also have to keep track of everyone getting two doses for the vaccines that require it, hire thousands of workers that will have questions about how long they can expect to remain employed and make space in stores so people can line up safely while they wait to be vaccinated.

Which essential workers should be prioritized for vaccines?

Front-line health care workers and residents of long-term care facilities are getting the shots first, in line with guidance from the Centers for Disease Control and Prevention. Essential workers will be considered next, but with limited vaccine doses and a lot of workers considered essential, the jockeying has already started over which ones should go to the front of the line: meatpacking workers, pilots, bankers and ride-share drivers among them. The CDC will continue to consider how to best distribute the vaccine, but ultimately it’s up to each state to decide who gets the shots when.

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Colleges look at delaying the first day of school … again - Marketplace
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