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How much economic loss did the collapse of many colleges and universities bring to this industry?
Recently, due to the persistent impact of the epidemic, many colleges and universities have adopted online teaching or postponed the start of school, but some private colleges and universities are in danger of closing down due to serious lack of funds during the epidemic. The collapse of colleges and universities has brought immeasurable results to this industry. Let me explain it to you in detail.

First, the epidemic has severely hit the enrollment work of colleges and universities, and the reduction of students has become a greater survival crisis. Faced with the sudden virus, colleges and universities have no preventive measures and can only wait for the relief of the epidemic slowly. This situation will only make funds more scarce and the university industry will fall to a low point. Second, some universities choose to close permanently. For example, mcmurry College, which has a history of 174 years, Franklin University in Ohio will close its campus in Urbana for more than 100 years, and the number is still increasing. This will be a great disaster for American universities, not only the loss of students' education, but also the loss of the whole education industry. This will indirectly lead to the decline of the level of education industry in various countries.

Third, the government's support and help is unfavorable, and it is difficult to fill this hole. For example, the Conservative government in power in Britain has always resisted education subsidies. British universities have been hoping for government assistance, but they have been repeatedly rejected. In the end, the British government's assistance is only a drop in the bucket. In addition, international students are the main source of students in European and American universities. If international students can't study at school, it will definitely bring great economic losses to European and American universities. Some colleges and universities have chosen to lay off staff in an attempt to fill the huge budget gap. There are also colleges and universities that try their best to get international students back to school, such as airport shuttle buses and subsidies. However, the financial pressure cannot be completely solved.

In short, the closure of multi-party colleges and universities will make the optimal allocation of educational resources and educational benefits unable to maximize. In an epidemic world, such economic losses are inevitable. As long as we unite as one and fight the virus with all our strength, no difficulty will knock us down. I believe that the dawn of hope is just ahead.