I thought Wisconsin Lutheran College was dripping money from the Schwan Foundation, but it managed to run into a budget shortfall and will can a few professors.
The Arizona public universities are suffering from enormous cutbacks. Since they subsidize students, ASU will be turning away students.
For-profit schools seem to be doing well. The two where I work have growing enrollments. One of my friends looked around at a meeting and said, "No one is teaching 20 classes a year here!" He was talking about maxing out the teaching load (five-week classes). I knew someone. Those who wanted more classes were told, "Qualify to teach more subjects." Most wanted to teach their favorite classes alone. One said, "Back to algebra?"
DeVry University is not doing well. It was once a giant with 50,000 students. UoP has around 300,000 students and the National Conference champions playing at its stadium.
No one knows exactly where the economy will hit bottom. The Wizard of Omaha, Warren Buffet, the world's greatest investor, has seen his stock price drop 50% from its high in 2007. That is just about where everyone else is...so far. Billionaires Buffet, Oprah, Murdoch, and Soros were all for Obamessiah. Now they have their wishes.
One reader says he is buying gold and silver. I am more inclined to repeat what the gremlin said in the movie named after them, "I am putting all my money in shotguns and canned goods."