Covid-19 revenue crisis could close three state colleges - Essex Reporter

An expected 15-20% decline in enrollment due to Covid-19 on top of chronic funding woes has pushed Vermont State College leaders to extreme measures.

“In a statement issued Friday, VSCS said the state college system was projecting up to a $10 million in losses due largely to fallout from the pandemic, with $5.6 million of those losses attributed to student refunds issued after campuses were closed and education shifted online. Those projections include the $3 million the system was expected to receive under the federal government’s $2.2 trillion CARES Act, according to VSCS. VSCS was also expecting a 15- to 20-percent decline in enrollment the following school year over concerns related to the COVID-19 pandemic, resulting in a $12 million deficit during the 2021 fiscal year.."


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