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CSUF: $18.4M in Coronavirus Refunds

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California State University-Fullerton expects to lose about $18.4 million in refunds and other costs related to COVID-19, officials told the Business Journal.

The total includes about $7.2 million in canceled housing contracts and $4.7 million in parking refunds. The university said it expects the Titan Bookstore to lose $3.4 million and dining services to miss out on $2 million.

The public university said in early April it will continue virtual instruction through its Summer Session courses. In line with current standard college moves, it has also postponed commencement ceremonies and limited on-campus workers.

Cal State Fullerton is one of the largest universities in the state with about 40,000 students, including many low-income and first-generation college students. It’s expected to receive about $41 million in federal aid for students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Go here for more updates on how OC companies are responding to coronavirus.

For ongoing, in-depth coverage of coronavirus effects on OC businesses, see the Monday print edition of the Business Journal.

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