With virus, US higher education may face existential moment

CHICAGO (AP) — The impact of the coronavirus has thrown the U.S. higher education system into a state of turmoil. There are fears it could transform into an existential moment for the time-honored American tradition of high school graduates heading to college, often far from home. Colleges are hurting for money as they refund billions and cancel lucrative summer programs. Administrators worry about falling enrollments and pressures on state budgets that could mean cuts for higher education. Experts say the colleges most at risk of closing are small, financially ailing private schools. Meanwhile, some big public schools have announced employee furloughs and pay cuts.