What might Biden’s withdrawal mean for higher education?

Today I’ve been finishing up a post about politics, scheduled for tomorrow. But history has intervened, so I need to do a different politics post today. I’m not a political commentator, generally, although I follow politics closely, so this is a bit of a stretch.

Question: what might Biden’s withdrawal from the 2024 presidential race mean for higher education?

To recap: as of this writing, president Biden announced on X/Twitter that he was withdrawing from the presidential campaign.

Then he followed up with a post endorsing current vice president Harris:

My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this.