Covid has the potential to effect long-term changes on all of our lives. Like, once it is totally gone in a year or two, what will be the lasting effects on higher ed? Steel researched it a bit; there aren't a lot of good articles on the subject.
Here are some of Steel's thoughts on the subject, most of which are pretty obvious:
Remote learning - Will students seek remote learning options over in-person?
Foreign Students -- 52% of all foreign students in US universities are from China (34) and India (18); most of those were paying full boat; will they ever return in those numbers? International students make up 5.3% of the TCU student body in 2020, which was a fall of 20% from 2019.
Demand focused on results -- Will students/parents become more focused on the result of the education?
Job market effects -- will there be long-term job market effects that drive higher default rates on student loans (which now total $1.7tn, far more than the sub prime mortgage amount that tanked the economy in 2008)
In-person attendance at college sporting events; how long will it take for people to come back fully?
Any other thoughts? Just spitballing here.
A different subject is societal effects, which may include telecommuting leading to lower demand for commercial RE; fewer people dining out; movie theaters no more; concerts/symphanies/operas no more; church attendance plummeting; that the US Gov will become Big Pharma more than it has been in the past; business travel supplanted by Zoom; international travel plummeting.
Here are some of Steel's thoughts on the subject, most of which are pretty obvious:
Remote learning - Will students seek remote learning options over in-person?
Foreign Students -- 52% of all foreign students in US universities are from China (34) and India (18); most of those were paying full boat; will they ever return in those numbers? International students make up 5.3% of the TCU student body in 2020, which was a fall of 20% from 2019.
Demand focused on results -- Will students/parents become more focused on the result of the education?
Job market effects -- will there be long-term job market effects that drive higher default rates on student loans (which now total $1.7tn, far more than the sub prime mortgage amount that tanked the economy in 2008)
In-person attendance at college sporting events; how long will it take for people to come back fully?
Any other thoughts? Just spitballing here.
A different subject is societal effects, which may include telecommuting leading to lower demand for commercial RE; fewer people dining out; movie theaters no more; concerts/symphanies/operas no more; church attendance plummeting; that the US Gov will become Big Pharma more than it has been in the past; business travel supplanted by Zoom; international travel plummeting.