Well back in 2008 US universities actually saw an increase in applications for programs. It was (and still is) fairly easy for students to get federal and priva

Well back in 2008 US universities actually saw an increase in applications for programs. It was (and still is) fairly easy for students to get federal and private student loans (which could be deferred for 1-3 years), so the line of thought was if they could not find a job anyways, they might as well use the time to ramp up their credentials.