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University Finances Face a Long Road to Recovery

The pandemic’s negative impact on enrollment was not ubiquitous, however. Enrollments at elite universities, such as Harvard and Stanford, held steady during the height of the pandemic. Several of the more-prestigious state flagship campuses, such as the University of Michigan at Ann Arbor and the University of Wisconsin at Madison, recorded record freshman-class enrollments. Amid the adversity caused by the pandemic, in that sense, the rich simply got richer.