Rectors and leaders from public and private universities pointed to pressures the pandemic has put on their financial model and on attracting new students. They also noted their education models may be subject to change in order to overcome the challenges posed by COVID-19. 70% of these institutions expect to start offering blended programmes (classroom and online).
Over 73% of the surveyed institutions expect future income to fall, while 59% foresee a drop in enrolment. 49% expect funding difficulties. This pattern is consistent in all the regions where the survey was administered.
45% of university heads envisage a greater need for student financial aid as well as investment in technology infrastructure, not to mention the development of further education programmes and support for student career development and entrepreneurship.