In part, that may be because the endowment system many schools use to remain solvent brought colleges and universities significant financial rewards amid a rapid rise in stock prices. Those gains followed a major dip in the stock market immediately after the first US Covid-19 outbreaks — and quickly falling prices, in part, led to stark austerity measures. Now, only a year after laying off hundreds of thousands of people, the higher education industry appears to be bouncing back.
