Purely conjectural, but the Series A crunch that the media likes to sell us on, really really fear-mongering. If you look at the spread of $ to startups, it's on a constant rise. The problem here isn't the "crunch", but rather how information is perceived and understood. The Series A crunch MAY possibly be true on a linear perspective, but falsely on a logarithmic look.
I think we're definitely in a wave of education bubble. Soon enough, paper degrees wouldn't matter. Udemy, Udacity, etc may look like 'for fun' type of schools, but I'm sure they'll democratize institution heavy traditional schools.