With the shift of elite universities online due to the novel coronavirus pandemic, new students are now seeking to defer enrollment. And many current students are not willing to pay the steep price tag for an fully-online education, with social networking and on-campus experiences removed from the colleges’ offerings. Universities have already been under fire for high costs promoting student debt, so how can universities keep demanding those price if their offerings are remote? Thomas Gilbert, associate professor of finance at the UW, is quoted.