Rich Universities Scramble With Coronavirus Forcing Refunds
- Harvard, Princeton will rebate room and board expenses
- Givebacks may be a financial hit, especially for small schools
Photographer: Victor J. Blue/Bloomberg
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Some of the richest U.S. universities are scrambling to come up with a new and once inconceivable calculus: how much money to refund students.
Harvard College, Princeton University and the Massachusetts Institute of Technology are among a handful of schools that plan to prorate room and board costs as the coronavirus has forced them to send students home.