Hi all - I just dropped by to update the forum on the Psych Grad Wiki but saw this post, and wanted to allay a few concerns with some information. I'm faculty at an R1 psych dept - we will be accepting PhD students this fall. That right now isn't in question; we need graduate students to TA our classes (UF is fully funded; students receive a stipend + tuition waiver, in exchange for TA work) and assist in research. The real question is how many, which depends on a lot of factors. For instance, we want to prioritize funding for students already here, who may need an extra year given the impact this has on the academic job market. That might mean less funding to admit new students. But some of us have funding from grants or from startup, which aren't already allocated, and which can go towards recruiting new students. Those factors - how much money is available, what pot it's coming from, and whether current students need those funds - will vary a lot from department to department, and from university to university. So while the number of positions may decline or vary, there will still be labs accepting graduates students this fall. None of our accepted students are deferring, and none plan to (I was on our admissions committee this year, for the department), and I haven't heard of that happening elsewhere. This is for funded grad programs - most PhD programs, a few master's programs, etc.
For programs where you pay tuition/no stipend, I would not expect this to affect grad admissions much if at all; the universities need the revenue from paying students, master's students included.