How about this economy?

My assumption is that not-so-rich schools in the middle of nowhere will take a big hit and possible try attracting more distance students. Urban schools in places with well developed infrastructure (public transportation and such) will thrive.

 

There is good news for the students though. The reduced dollar values for universities online, but offshore, may put pessure on US universities both B&M and online. This should drive prices down. Of course, you still have to be employed and have the ability to pay for the courses. It may not be good for adjunct teaching as downsizing may reduce this possibility or cut pay rates.

It is definitely a consumer's market at the moment. Make the most of it as they will slug you when the market turns. Australian Universities, South African Universities, and Open University of Malaysia are all good value for US students. Their local student populations can be expected to drop off as they will be affected by the financial crisis as well. They may talk good deals. I would wait a while until the full effect sets in, if I was cashed up. I am not, but I am going to Open University of Malaysia for the PHD. The US has very good universities but the $AUD is ridiculous. It has been oversold and may bounce, but then...

Now, as to when the market will turn, well, my crystal ball says.......