Colleges spent millions on COVID-19 expenses this fall, even as sources of income shrank, data show

The pandemic presented an enormous financial challenge for colleges and universities this past fall as they reopened online or in person. Institutions large and small had to cough up money for expenses related to COVID-19 testing, personal protective equipment and online learning resources. At the same time, they were bleeding tuition, housing and auxiliary services revenue. Now data from higher education associations are starting to show how large the financial hits have been --...