This is sort of a perfect storm for refund requests: https://apnews.com/f18a0a48925a19586e4d810f6e88eff3 … The money is ~spent. COGS for college education rounds to zero; it's structurally CAPEX and OPEX.
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The test for it would be whether the lecturer to be laid off given there's less enrolled students in a given semester. Professors who are working at the institution academically whould be kept, but many contracted industry lecturers and TAs would definitely be let go.
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