throwawayoverhe

The colleges/universities that aren't managed by complete idiots use those endowments to hedge exactly this sort of risk.

There were a lot of articles over the past few years about various teeny tiny colleges investing their entire endowment in funds and yelling from the rooftops that they out-performed Harvard's endowment.

The bill is going to come due. Over the next two years, a lot of small colleges that were investing for annual returns instead of for ensuring institutional survival are going to collapse under the quadruple whammy of refunds, lawsuits, decreased enrollment, and decimated endowment.

Never.

> Prestigious universities equate with more expensive candidates.

But that doesn't mean you rank those people lower. It means you offer them the job at the budgeted salary. If they don't accept the job offer at the salary range you've budgeted for the position, then you move on to the next candidate.

This might make less sense if there's a strong opportunity cost (i.e., missing a candidate because they already accepted a job), but that's not typically the case for new grads.

0.3% of monthly revenue from a single customer's reduced spending only a couple months in to a multi-year recession is pretty alarming.

Makes me wonder if OP's company is particularly exposed to retail, travel, or another sector severely impacted by the first order effects of the virus.

Universities will now have to cull "overhead". Grad students and professors will have a golden opportunity about 1-2 years from now to capture a less tiny fraction of the wealth they create. Don't let it go to waste.