IU Bolsters Finances In Virus Battle

Trustees at Indiana University have allowed school leaders to borrow up to $1 billion dollars to counter a potential budget shortfall due to the coronavirus. The university’s largest source of revenue is tuition. The school remains in operation during the pandemic, but has stopped in-person classes for the spring and summer. The university has also closed on-campus housing, offering students who have already paid a pro-rated refund. Only students with extraordinary circumstances can stay.