The Pennsylvania State System of Higher Education (PASSHE) Board of Governors authorized Chancellor Daniel Greenstein to “review the financial impacts of integrating operations at selected System universities.”
Finances are often a struggle for new college graduates, but with the economy in a freefall and concern about job prospects mounting, this year’s graduates may be facing even tougher financial headwinds.
Members of the class of 2020 are graduating into the “real world” during a global pandemic and an economic freefall. They are seeing unemployment numbers unknown since the Great Depression. Those once far away responsibilities of “adulting” — finding a job, leasing a car or even buying a house — are closer than ever.
Last month, millions of American poured into grocery stores across the nation buying just about anything they could find. Shelves remained empty for weeks, leaving those who did not have the ability — physically or financially — to buy food and other necessary supplies.