Financial Struggles for Israeli University Students
A recent survey conducted by the Israeli Channel 13 has revealed that almost half of Israeli university students, including those called up for reserve mobilization during the conflict in Gaza, are unable to afford the costs of their academic studies and university fees.
Impact of the Gaza Conflict
According to the Jerusalem Post, more than 350,000 reserve soldiers, including approximately 35,000 university students, were summoned to participate in the aggression against the Gaza Strip following the "Al-Aqsa Flood" operation launched by the Al-Qassam Brigades on October 7.
Economic Difficulties Faced by Students
The survey also highlighted that 35% of university students in Israel are facing economic difficulties as a result of the war. Additionally, 56% of these students qualify for additional financial assistance beyond what they are entitled to as reservists.
Challenging Conditions for University Students
University students in Israel are currently experiencing challenging conditions due to the ongoing conflict. Professor Aryeh Zaban, President of Bar-Ilan University, expressed concern about the situation, stating, "Under these complicated circumstances, we are trying to help students. We want to provide the support they need so that they do not abandon their university education due to financial reasons. It would be truly unfortunate if the war crushed their dreams."
Economic Impact of the Conflict
The Israeli Ministry of Finance reported a budget deficit of 17 billion shekels (approximately 4.5 billion dollars) in November alone. The Governor of the Bank of Israel also predicted that economic losses would reach 10% of Israel's gross domestic product, equivalent to about 52 billion dollars.
Projected Decline in Gross Domestic Product
As a result of the negative effects of the war, it is expected that Israel's gross domestic product will decline to 2% in 2023 from the current 6.5%. Furthermore, growth is projected to come to a halt completely in 2024.
Source: Jerusalem Post
