Assessing and Responding to the Financial Impact of COVID-19

Assessing and Responding to the Financial Impact of COVID-19

About the Webconference

Speaker: Kaitlyn Maloney

As institutions pivot away from crisis management, college and university leaders are working to assess the financial impact of COVID-19. This includes the direct cost of the response (campus evacuation and decontamination, technology for remote instruction and work, and any student refunds) as well as forecasting short- and long-term changes to enrollment, public funding, and fundraising. Institutions are also beginning to plot responses and next steps, in the immediate-, mid-, and long-term.

In this session, we share benchmarking data from a recent EAB survey of higher ed business leaders on current financial status and planned next steps, as well as case studies of emerging cost reduction efforts. Particular areas of focus include:

  • Early data on COVID-19 response costs
  • Strategies to increase institutional liquidity
  • Creating or updating your financial contingency plan
  • Proven tactics for quickly realizing cost savings

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