Examining the Ravaging COVID-19 Pandemic and its Implications for Educational Institutions on a Global Perspective

Abstract

The study examined the ravaging COVID-19 pandemic and its implications for educational institutions on a global perspective. COVID-19 outbreak occurred in Wuhan City, China at the twilight of the year 2019 and spread like wild fire to other countries. Globally, over eight million people have been infected with the coronavirus, over four million people recovered and more than half a million deaths recorded due to the COVID-19 pandemic. The disease was so dreadful that various nations adopted the lockdown measure to forestall further spread. Consequently, educational institutions at all levels were shut-down along-side other sectors. Corollary to the above, it was found that the academic calendar would be affected; international students’ enrolment might reduce; schools that depend more on foreign students for funding may experience a down-turn during the period of COVID-19 outbreak; schools may not be able to be liberal with their financial aid offerings; private school owners may find it difficult to pay the salaries of their employees during the period of the ravaging COVID-19 pandemic. It was however, recommended that schools should source revenue through entrepreneurial practices; the government of each country should allocate 26% of her annual budget to education sector; tuition fee for international students should be cut down by at least 20%; World Health Organization (WHO) should sponsor more research towards getting a vaccine for COVID-19.