The COVID-19 pandemic will undoubtedly leave a lasting impact on the world. There will be many things in our daily life that will change permanently, for better or worse. Such as right now universities in South Korea have opened, but they still are being careful of the students going in-out, they still checked each student’s body temperature, ask everyone to keep using a mask, and give stickers as an indicator that the student is healthy (don’t have a fever). On the other hand, other universities across the globe may have not opened yet and are still operating on an online basis. Surely, these universities, whether has opened yet or not, received a big “punch” on their economies.
Since the lockdown began, universities across the globe have changed their method of teaching to online meetings. Since the tuition fees aren’t being brought down, most students choose to defer their studies until things go back to normal. This resulted in an unprecedented crisis for universities. The representative organization for British Universities UK (UUK) recently asked the government for a £2 billion bailout to help them cope with the effects of the pandemic. Yet this loan is merely only to delay the inevitable: bankruptcy facing universities. Hopefully, since some countries have “controlled” the pandemic situation, universities may be able to re-lived their economies, and the education system can be supported once again.
Source: https://www.socialist.net/universities-facing-bankruptcy-due-to-coronavirus-crisis.htm
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