R.I. colleges expected to lose $75M-$100M due to room-and-board refunds

THE UNIVERSITY OF Rhode Island is expected to refund close to $8 million to students for lost room and board due to the COVID-19 pandemic. Association of Independent Colleges and Universities of Rhode Island President Daniel P. Egan said Thursday Rhode Island-based colleges could lose between $75 million and $100 million in revenue due to such refunds. / COURTESY UNIVERSITY OF RHODE ISLAND
THE UNIVERSITY OF Rhode Island is expected to refund close to $8 million to students for lost room and board due to the COVID-19 pandemic. Association of Independent Colleges and Universities of Rhode Island President Daniel P. Egan said Thursday Rhode Island-based colleges could lose between $75 million and $100 million in revenue due to such refunds. / COURTESY UNIVERSITY OF RHODE ISLAND
PROVIDENCE – Colleges in Rhode Island could lose between $75 million and $100 million in planned room-and-board refunds to students forced off campus by the COVID-19 pandemic, according to Daniel P. Egan, president of the Association of Independent Colleges and Universities of Rhode Island. The association represents the eight Rhode Island-based private institutions but Egan's…

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