Financial losses mount at colleges, universities

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NO SCHOOL’S IMMUNE: Brown University announced a hiring freeze after the coronavirus pandemic hit, and Brown administrators have taken salary reductions. / COURTESY BROWN UNIVERSITY
NO SCHOOL’S IMMUNE: Brown University announced a hiring freeze after the coronavirus pandemic hit, and Brown administrators have taken salary reductions. / COURTESY BROWN UNIVERSITY

Colleges across the nation are scrambling to close deep budget holes and some have been pushed to the brink of collapse after the coronavirus outbreak triggered financial losses that could total more than $100 million at some institutions. Scores of colleges say they’re taking heavy hits as they refund money to students for housing, dining

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