These are testing times for colleges. They need to take a step back and look at how they can tweak their business model to survive the pandemic. 

The next one year is going to be absolutely interesting to watch the shift in consumer behaviors, how students and parents perceive education? will parents be willing to send their kids abroad for higher education? what business model colleges will be looking at? will degree hold the same value as it holds today? what steps will governments take in this approach? Many questions to be answered. Time will tell.