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While demographic, technological and industry changes have been pressuring schools for a decade now, the pandemic has forced many schools into weakened financial positions, especially as it relates to cash available to support operations. Examining IPEDS data from a select group of private not-for-profit institutions between 2015 and 2019, we put forth three major arguments:
1. That the ability of many schools and colleges to cover both direct and indirect expenses through their main revenue...