Navigating Troubled Waters For Higher Education : Liquidity Management & Bank Covenants

Universities and colleges are making material decisions right now on how to open or not open their campuses in Fall 2020 as the COVID-19 pandemic continues. The implication of such decisions will have a major impact on revenue cycle, expense control, and overall profitability. Many of these unanticipated changes - as well as planned change - can trigger covenant defaults on bonds and bank loans.