If the college students cancel the contract first, the company requires compensation according to the contract and needs to pay.

If the contract does not clearly stipulate the termination fee, then there is no need to pay it.

If the company cancels the contract, then the college students don't need to pay, but the company needs to pay the college students a cancellation fee according to the contract.

In case of unilateral breach of contract, the payment of liquidated damages is as follows:

First, according to the situation, the specific answer is as follows:

How much liquidated damages to pay depends on how both parties agree in the contract. If both parties have not agreed on the liquidated damages, they cannot ask the other party to pay the liquidated damages. In addition, according to the law, if the agreed liquidated damages are lower than the losses caused, the parties may request the people's court or arbitration institution to increase them; If the agreed liquidated damages are excessively higher than the losses caused, the parties may request the people's court or arbitration institution to reduce them appropriately.

Second, according to the law:

Article 114 The parties who pay liquidated damages may agree that one party shall pay a certain amount of liquidated damages to the other party in case of breach of contract, or may agree on the calculation method of compensation for losses caused by breach of contract.

If the agreed liquidated damages are lower than the losses caused, the parties may request the people's court or arbitration institution to increase them; If the agreed liquidated damages are excessively higher than the losses caused, the parties may request the people's court or arbitration institution to reduce them appropriately.