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Universities have many pressing short-term issues to deal with right now: large budget cuts, a growing reluctance among students to pay full tuition fees for online education, demands for reimbursement of already-paid fees, the possible disappearance of international students who pay full fees, the large-scale deferral of admissions, a sharp spike in the need for financial assistance among students because of the impact of the pandemic and ensuing recession, and finally, the question of whether and how to reopen.
Read the entire article on Harvard Business Review.