In certain parts of the English-speaking world, universities are not dying, they're actually flourishing... but only because of a major influx of Chinese and Korean students willing to pay those exhorbitant out-of-state fees.
And since most of those valuable foreign customers want to study business, finance, medicine, law, and a handful of STEM fields, universities have no choice but to cater to their demands. Some programs in the West Coast are half Chinese by now. Those kids probably pay 80% of the gross fees, too. On the other hand, when I took English or philosophy, I was often the only Asian in the class.
But China is growing very fast (slower than before, but still fast), and Korea has all but done catching up with the rest of the developed world. Other countries might then supplant China as the largest supplier of international students, but they'll grow up, too. Sooner or later, all the international students who are propping up American universities will decide that they'd much rather spend their dollars elsewhere. When that last bubble bursts, even STEM fields will not be immune from a massive shock, and heavily subsidized humanities departments will be in real trouble this time.