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Good observation on the encroachment from community colleges by Raoul
They are aspiring that here in IL as well. It is a good deal if they can make it happen. I have a good friend from ND whose son did 2 years at community college and finishing off his English degree (as you suggested) at ASU's online school. Very much a bargain so get an English degree without the debt from many of the places that would sell them for $40-80K a year for 4 years.
Many Community Colleges have the issue that their state funding is getting strained. NY and CT facing huge issues that way. As an offset NY just agreed to not fund schools with endowments over $750M and more fully fund those with less. Fordham and St Johns are pissed as they just got over that threshold apparently. Cornell and Columbia - no big deal. They won't even miss it.