Thoughts about life after school can be frightening for college students. The uncertainty about employment expectancies can engender crippling anxiety, especially in a time of a major pandemic—COVID-19, and urgent attention is needed. This study, drawing on the self-determination theory, demonstrates preliminary protective effect of positive psychological capital (PsyCap) on employment anxiety among a relatively understudied group—graduating college students (Chinese sample = 546). It further illustrates the mediating mechanism of coping styles in this relation. Thus, the motivational impetus of PsyCap facilitates positive coping style (PCS) while diminishing negative coping style (NCS) which, in turn, hinders students’ employment anxiety. Furthermore, the results revealed that students’ internship experience strengthens the influence of graduating students’ PsyCap on their PCS, but that with NCS and anxiety was nonsignificant. This research proffers valuable insights on college students’ from-school-to-work transition for higher education institutions and career counselors, particularly in this turbulent labor market.

International students in China were among the first group of individuals to be affected by the COVID-19 pandemic. However, the pandemic’s impact on their mental health is underexplored. This study—utilizing web-based survey data (N = 381), presents preliminary reports using ANOVA and MIMIC analytic approaches. Following the clinical demarcation of the 21-item version of the Depression Anxiety Stress Scales (DASS-21), we found 24.6%, 38.3%, and 43.6% of the students to suffer mild to extreme stress, anxiety, and depression, respectively. Female students reported significantly higher levels of stress and depression than males. Older students’ reports of stress were more substantial than younger students. Students who reported having a relative infected with the virus (vs. those without) experienced significantly higher anxiety and stress. Those who reported having pre-existing chronic health condition(s) (vs. those without) also reported significantly higher stress, anxiety, and depression levels. Moreover, students with an exercise routine (vs. those without) experienced significantly lower levels of stress, anxiety, and depression. Last, our MIMIC model results indicate that foreign students’ age, gender, chronic health status, and having a relative infected with the virus constitute significant risk factors explaining variations in foreign students’ experience of psychological distress. Implications for international students’ management have been thoroughly discussed.