Well-Being amongst College Students during COVID-19 Pandemic: Evidence from a Developing Country

College students face unique challenges that the consequences of COVID-19 might aggravate. To explore the pandemic’s consequences on college students’ well-being, we conducted an online survey with 634 students from a private university in Cali, Colombia. The study sought to assess students’ well-being due to COVID-19, and to explore the mediating effects of optimism, gratitude, and emotional closeness on college students’ well-being. Results showed that COVID-19 affected students’ mental health and well-being. Being optimistic and grateful mediated with life satisfaction and happiness. Optimism, emotional closeness, and gratitude also mediated the negative effect of fear of infection and the pandemic’s impact on students’ academic performance. The results of this analysis will promote discussion of the implementation of coping strategies to help students thrive, promote resilience, and contribute to students’ well-being and better mental health.