Fear and Loathing as Colleges Face Another Season of Red Ink ...Middle East

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When the University of California’s Board of Regents got a close look at the numbers in September, it was the visual equivalent of a thunderclap. The massive university system, with 10 campuses and more than 285,000 students, was hemorrhaging money — $2.2 billion in lost revenue and additional costs, mostly due to the pandemic. While some of those losses came from medical centers that temporarily gave up high-paying elective procedures in order to treat COVID patients, the bigger picture was as vexing as it was simple: In the age of pandemic-induced remote learning, the campuses were largely deserted. And when students aren’t living on campus, schools stop making money. Fast. “Colleges and u

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