College students are famously enduring tens of thousands of dollars in student loan costs but many colleges and universities are refusing to reimburse students for room and board this fall if the pandemic forces another shutdown.
Prestigious and expensive Harvard University cost $67,580 last year, Forbes reported, but the Ivy League school has announced it will begin the fall semester with distance or “remote” learning.
According to educationdive.com, Temple University economics professor Doug Webber says refusing housing refunds has terrible consequences. For one thing, he says, if schools can't afford to do so, they shouldn't open face-to-face in the first place.
Marie Fischer of Project 21 says she agrees with that observation.
"If they are not willing to refund the money, if they're not willing to protect the students financially,” she tells OneNewsNow, “then they just need to say, Okay, we're going to do this all online."
At the same time many students are now questioning the exorbitant costs while learning online, Fischer points out that many parents are already questioning the “return on investment” that is sometimes not there.
“So you've already got this slow switch of people looking at technical schools, vocational schools, and community colleges,” she points out.
According to the Forbes article, education experts say students are figuring out they are paying to be affiliated with a prestigious name and, after graduation, a well-connected alumni network.