1、(x.x)xx)=xThe Last Straw for US Higher Educationand a Moment for ReinventionFinancial viability will depend on new models onceconsidered out of bounds、By Pam YeeMaureen SullivanMark Kraff Jeff Denneenand Hernan SqenzBAIN & COMPANY#page#Copyright2021B#page#BAIN & COMPANY QThe Last Straw for US Higher
2、 Education-and a Moment for ReinventionAt a GlanceCovid19 is pushing many US colleges and universiies toa financial precipice,with revenuesfalling as spending on virudl insructon and safey protocols rises.But many schools have been on an unsustainable pah for more than a decade. Bains modelingfinds
3、thatheavily tuitiondependent private instituions face he greatest risk. Up to 60% of theseschools have a weak financial outlookTo survive and thrive over the longer term all institutions must innovate in their economic andacademic modelsIncreasingly sfudents ofall ages wil seek sackable degrees and
4、cerificafes to help themprosperAlternaive payment sreams will flourish with more employers funding coursework.Teaching will blend onlineinperson and experientidllearningand adoptreolword mudisciplinary approaches.Covid-igs disruption is more abrupt severe and universal than anything US colleges and
5、universitieshave experienced Ina matter of weeks,the pandemic forced a shift to remote instruction and admin-longer view the sweeping changes in student needs.funding andthe role ofthe physicalcampusunderscore trends thathave been brewing formore thanadecade.Consequentlythe pandemic is pushing many
6、institutions towardafinancial precipice They willneed to take extreme steps to maintain economic viability in the near term and they must innovateto survive over the longer termIn the wake ofthe 2008 financial crisis. many boards oftrustees and senior campus leaders discussedtaking actions to operat