The University System of Georgia faces revenue losses of $340 million to $350 million through this summer because of coronavirus impacts, according to University System Chancellor Steve Wrigley.
The system’s per-student funding from the state is already down 35 percent over the past 20 years, he reminded members of the state Board of Regents in a telephonic meeting Tuesday.
Revenue losses through spring semester already add up to around $200 million, Wrigley said.
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The university system includes the University of Georgia and 25 other public colleges and universities.
Neither UGA nor the university system has released a breakdown of expected revenue losses by school. But if UGA’s losses correspond to its share of federal relief set to come to UGA — $23.7 million out of Wrigley’s systemwide estimate of $125 million — UGA’s hit would be around $65 million.
Statewide, public and private colleges could get about $378 million, according to Jennifer Lee of the Georgia Budget and Policy Institute, a nonpartisan think tank.
