PHILADELPHIA (WPVI) -- Temple University, like so many other schools, is taking a multi-million dollar hit as a result of the economic shut-down.
Despite that, President Richard Englert recently announced that Temple is not going to raise tuition for the upcoming academic year.
Englert says the reason is simple. While the school is absorbing a huge financial blow, many Temple students, and their families, are getting hit even harder.
"Even with the budgetary challenges, we still want to keep tuition affordable. So, we're deciding that we want to keep tuition flat for all undergraduate and all graduate students," he said.
Several other schools in the region, and across Pennsylvania, also announcing a tuition freeze for the 2020-2021 academic year including Penn State University.
Meanwhile, the University of Pennsylvania can now be added to the list of Ivy League schools rejecting stimulus funds they were eligible for.
The schools had been criticized for initially accepting, and then rejecting, millions of dollars from the government.
The criticism involves schools' multi-billion dollar endowments.
Penn officials sent Action News a statement reading, in part, "Despite the serious financial impact to Penn as a result of the pandemic, after analyzing the full scope of the regulations involved, Penn has determined that it will not apply for nor accept the funds that would be available through the CARES Act."
MORE COVID-19 COVERAGE
Reopening Pennsylvania: Understanding the target numbers under Gov. Wolf's plan
Pennsylvania expanding curbside pickup at liquor stores
New Jersey tech company aims to donate 1 million face masks
Headache, loss of taste among list of 6 new possible COVID-19 symptoms, according to CDC
Blue Angels, Thunderbirds to fly over Philadelphia on Tuesday
Keeping Reusable Shopping Bags Sanitized and Germ-Free during COVID-19 Outbreak
How to get groceries, supplies, takeout, online workouts and home projects while quarantine
Things for everyone to do to pass the time at home
Great homeschooling and educational resources for parents and students
Free 6abc printable activities for kids to do at home
Work from home: Here are some companies hiring remote workers
CONNECT WITH US
Share your coronavirus story with Action News
Complete coronavirus coverage from Action News
Temple University freezes tuition despite economic challenges amid coronavirus
More TOP STORIES News