SMS is refunding $2600, prorated based on amount of FA, based on a return date of May 18. They indicated that amount would change should the kids not be able to return to campus until a later date or not at all.
And this does not affect staff/faculty salaries, which are still being paid. I
One thing I noticed was that no one held Giving Day this year - which I think will greatly affect the schools’ finances for the year. They always count on this day. But I find it very tasteful given many are finding themselves in an unexpected financial bind due to the pandemic.