Stefan wrote:
distance education.....driven [mostly] via federal financial aid...
I'd like to see the numbers on this. Ironically, as Lottery Scholarships have "increased," the supply of education has decreased and this is somewhat common across the board for various reasons.
I don't disagree that DL can be attractive as the overhead is quite low. Of course, the marketing tends to run a bit higher as alternative channels are utilized.
State-funded schools are probably the most likely to be hit hard in a recession, as state budgets are being cut.
The small school who cut its entire Comm dept is a private school. They're particularly sensitive as recession-struck students look for cheaper alternatives, and donor units/dollars shrink. Another private school has an endowed chair that is empty right now because its endowment source is not able to generate enough to pay the salary for the prof.
A sinking tide lowers
all boats. Of course, some community colleges are doing okay, but then again they depend on state funding so we're back to that animal again.
In summary, people have long posited that education is not economy-dependent. I think this recession is showing that this is not the case.