Definitely goes both ways. Lots of students and their parents have less money for college now than they did 8 weeks ago too, and lots of uncertainty with regard to parents’ jobs.
Colleges have also taken big financial hits, with quite a few already announcing cost cutting measures and hiring freezes, so they won’t be able to grant every ‘professional judgment’ request that is going to be coming their way. Not only will potential freshman be making these requests, but so will many of the current freshman, sophs, and juniors…there is just not enough $ in FA budgets to make everyone whole.