UW System says COVID-19 pandemic has had $720M impact on state colleges
The University of Wisconsin System says the COVID-19 pandemic has had a $720 million impact on state universities between March 2020 and June 30 of this year. But after a large infusion of federal stimulus funds, the system's vice president of finance says it's in "pretty good shape."
During a Thursday presentation to the UW Board of Regents in Oshkosh, UW System Vice President of Finance Sean Nelson gave his fifth COVID-19 financial update since the pandemic forced the closure of all in-person activities at UW campuses in March of last year.
Nelson said the grand total of revenue losses and unexpected costs over the 15-month period worked out to $720 million.
"And that includes the out-of-pocket expenses to cover related costs for PPE (personal protective equipment), testing, revenue loss from the auxiliary units and some enrollment loss," said Nelson.
Read more: https://www.wpr.org/uw-system-says-covid-19-pandemic-has-had-720m-impact-state-colleges