EAST LANSING, Mich. — Michigan State University President Samuel Stanley answered questions Monday related to the university's response to the Coronavirus.
"Given the pace of change and continued unknowns, we don’t have all the answers, but I want to understand your concerns and will share as much as I can," said President Stanley in an announcement posted on MSU's website.
Stanley said the budgets for construction projects, travel expenses, and equipment for classrooms are going to be reduced significantly to make up for lost revenue.
The Coronavirus is taking a toll on the world's finances and included in that is Michigan State University.
The school is losing between $50 million and $60 million.
As of now, the Michigan State University President said the university is cutting costs where it can to keep all faculty employed.
Although the crisis is hitting hard, Michigan State said freshman applications are up 14 percent compared to last year.
But a big concern is the decline in international students.
President Stanley said, "They can't get visas they can't travel here. Some of them may choose not to continue at Michigan State University or not to start at MSU and that is a big challenge. International tuition is about 18 percent of our tuition revenue, so that can be a significant cut for us. And our tuition is about a billion dollars."
President Stanley said the athletic budget will also take a hit.
And while he said he is hoping classes will return to normal, President Stanley said students and professors should be prepared to continue online learning.
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