COVID-19 pandemic has made the future uncertain for many in general, but students in particular because institutes suddenly shutting down, while this new transition has hit everyone differently. Still, it has left significant pressure on the students specifically. This pandemic has changed the ways of living - financially, physically, emotionally, and mentally. This study analyses the impact of COVID-19 on students' mental health. It covers the globe, how they have been dealing with it, and which coping mechanisms worked best for them during this time. The study also discussed how different financial backgrounds had left a different psychological impact on the students. The methodology adopted utilizes all the previous research and their data, which helped us determine the most worked solution vs the least worked solution. In addition to literature, data from UNICEF about education and COVID-19 are utilized to determine the adverse impact of COVID-19. This study has also briefly touched on the impact of remote learning on students' mental health and how students have coped with this sudden yet uncertain new change. The research has come up with some proven solutions for students to perform better academically during this uncertain time without compromising their mental health.