Here's a thread of recent college announcements they are staying online this fall. Whitman posted a statement late Friday afternoon, but it just made it across my desk now. I'll keep updating this until closures get too frequent to count. whitman.edu/fall-2020/upda… Millersville University in Pennsylvania is going from a majority of online classes to "primarily" online. lancasteronline.com/news/local/mil…

Happy July, everyone! Unfortunately, I'm convinced that this month will be one of the worst months that American higher education has experienced in a long time. Thread alert. (1/) First up, the coronavirus is out of control in much of the country. The number of cases has spiked along with the percent of positive tests. Having been in an area in which sympathy cards were sold out for months, that's scary. (2/)

Here goes: Endowments include a whole bunch of separate funds, most of which are designated for particular purposes. (For example, scholarships for students from a particular county are pretty common.) (1/)

https://twitter.com/polumechanos/status/1248109175806312448

In normal times, colleges count on spending a portion of the investment returns and leaving the principal intact. Typically, colleges draw down about 4.5% of their endowment each year--lower than the long-run rate of return. (2/)

Today Gov. Murphy rolls out a proposal for two years of tuition-free public college for New Jersey families making less than $65,000 per year in income. politico.com/states/new-jer… A few thoughts to follow. (1/) This follows up on the Community College Opportunity Grant, a similar program in the two-year sector. The program came in less expensive than expected last year, for what it's worth. But four-years were concerned about more students going to two-years. (2/)