The good news (such as it is) is that we won’t have people’s educations repossessed and left vacant and decaying.* If you got a diploma, you still have a diploma; if you got three years of classes, you still (maybe, depending) have credits you can transfer. Worst case, hopefully you learned something along the way, and remember most of it.
*Any more than happens normally the day after graduation, I mean. I, for example, am still able to remember, or at least recognize, or at a minimum be able to sound out, many of the classes that appear on my college transcripts.