There will be. All the signs are there that the 'system' is preparing for a draft and one will be considered in Congress right after the new year if Bush or Kerry win the election. The Iraq war will spread to Iran and/or Syria and much more cannon fodder will be needed.
If you are not interested in seeing your sons or grandsons conscripted (a clear violation of the 13th amendment) then vote for the only candidate who will obey the constitution, Michael Badnarik.
Note: Forget educational deferrments. The bills already submitted to congressional committee only provide for educational deferrment for finishing High School.
On a scale of 1 to 100%, this has a 0% chance of happening.
Wait.....let me make that more precise:
0.000%