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Sunday, May 5, 2024

College towns feeling financial pinch from low college enrollment

Credit: KTNV Channel 13 Las Vegas
Duration: 00:59s 0 shares 1 views

College towns feeling financial pinch from low college enrollment
College towns feeling financial pinch from low college enrollment

College enrollment is down for many schools across the country due to the pandemic.

But it's hurting much more than just the schools.

College towns across the country are feeling the financial pinch too.

THE SCHOOLS.COLLEGE TOWNS ACROSS THECOUNTRY ARE FEELING THEFINANCIAL PINCH TOO.CAL POLY STATE UNIVERSITY - INSAN LUIS OBISPO, CALIFORNIA -IS A PERFECT EXAMPLE.THE LOCAL ECONOMY THERE RELIESHEAVILY ON STUDENT SPENDING.CITY LEADERS SAY - THE LASTECONOMIC IMPACT REPORT SHOWSCAL POLY'S DIRECT IMPACT TO THEENTIRE REGION WAS WORTH 1.1BILLION DOLLARS.RESTAURANT MANAGER DARNELLHARRIS SAYS HIS BUSINESS ISDOWN 50- PERCENT.IT'S AFFECTED US BUSINESS WISE,IT'S NOT AS MANY EMPLOYEES NORAS MANY STUDENTSIT AFFECTS ME AND IT HITS MEBECAUSE IT IS MY LIVELIHOODAND THIS IS WHAT I'VE DONE FORTHE 25 YEARS.FOUR-YEAR PUBLIC UNIVERSITYSYSTEM.IT RECENTLY ANNOUNCED CLASSESWILL CONTINUE BEING HELDONLINE.THAT MEANS AN ECONOMIC REBOUNDFOR COLLEGE TOWNS...COULD TAKE A WHILE.IN OUR REBOUND SERIES, WE HAVEADVICE ON FINDING A JOB, MAKING

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