FWIW, this enrollment crisis doesn't seem to be evenly geographically distributed, at least as of yet--institutions in the Northeast and Midwest definitely seem to be feeling it, as do expensive LACs without big prestige and well-funded endowments (the lack of substantial money in a school's endowment seems to be particularly big risk factor, as does smaller enrollment numbers to begin with). Most large R1s and hence most psych PhDs programs will likely be fine overall, at least based on current trends. Of course, there may be some exceptions, like WVU (which has just been a mess all around with their current president, sadly), but I predict we'll mostly see a lot of small LACs close and merge and some regional/directional bachelors- and masters-level state universities shrink and cut programs and faculty (closing state universities entirely is often political suicide, so state legislators tend to avoid it).
