Declines in domestic undergraduate enrollment could lead to as much as $19 billion in revenue losses

https://www.mckinsey.com/~/media/McKinsey/About%20Us/COVID%20Response%20Center/Tools/Reopening%20higher%20education%20institutions%20amid%20COVID%2019/Ten%20Considerations%20for%20Reopening%20PDFs/Ten-considerations-Financial-impact.pdf