In: Economics
Use your Sociological Imaginations to consider the ways in which the Coronavirus/COVID-19 pandemic will affect the future of higher education. Will college enrollments increase or decrease? Why? Will the financial value of a college degree increase or decrease? Why?
COVID-19 will affect the future of higher education in many
ways-
1.Colleges and Universities are heavily dependent on Chinese
students like Australia, Canada and the United States but now they
will no longer expect the students from China to enroll.Thus it
will affect the economies of these countries.
2.There will be increased online learnings .Many colleges , universities have to offer the education online.Also students will take the options for studies which will be closer to home.
3.Teleconferencing-As of now many colleges, Universities have banned the travel of employees.Teleconferencing will replace the long distance travel for both faculties and students.No out door studies will be possible now.
YES,College enrollment will definitely fall because as countries are struggling with covid-19 ,this will put halt on the admissions of foreign students as no one would really want the exposure .Colleges who rely on foreign students to meet up their budget goals will be in serious trouble and this problem will stay for the longer time.
No ,the financial value of a college degree will increase because as international students numbers will go down in the colleges but domestic school leavers will try to enroll themselves for higher education.It is because people would want more education for alternative jobs.Having more skills and knowledge will help them to get jobs in this crisis.