Likely to be a mix of both. I know some schools which are preparing to go back to in-person starting this summer, some schools which are staying virtual, and most schools are still waiting to see how things will progress. My school hasn't yet decided whether we will have a white coat ceremony at orientation in three months, let alone how the next admissions cycle will be. I'm sure every school has talked and thought about it, but the school really doesn't have to decide on a format until their first invites go out and there are more pressing matters at the moment.
Prepare your finances as if they will all be in-person and don't worry about it.