In today's digital society, the significance of distance and online learning in the context of higher education is escalating. Rapid technological advancements, Internet development, and the growing demand among students for educational flexibility and accessibility are generating fresh opportunities for higher education institutions. The paper's purpose is to identify effective methods and modeling processes to ascertain the prospects for the development of distance and online education within modern socioeconomic conditions. The paper holds relevance as it scrutinizes current trends, while identifying the benefits, challenges, and opportunities that accompany this advancement. It delves into statistics concerning the growth in the number of students opti ng for distance learning, attributing this surge to the convenience, efficiency, and affordability offered by this mode of education. The paper also examines the favorable influence of this advancement on higher education and the global labor market. Moreover, the paper explores the advantages that distance and online learning furnish to higher education. It underscores the flexibility it affords students, enabling them to learn at their preferred time and location. It further underscores the potential for accessing a vast array of educational resources and experts from around the world, thereby broadening students' opportunities to attain a quality education. After a comprehensive contextualization of the research subject, the method of hierarchical indicator correlation analysis is employed. This method facilitates a systematic analysis and comparison of relationships among different indicators of student engagement, refusals, and success across universities A, B, C, D, E. The outcomes of the hierarchical indicator corre lation analysis offer insights to better grasp the influence of various factors on the effectiveness of distance learning in each of the studied universities, ultimately culminating in informed recommendations for enhancing the quality of the educational process and fostering the growth of distance education in Ukraine. Research reveals that these learning formats possess substantial potential and can emerge as pivotal components within the modern education system. Nonetheless, their successful implementation and utilization necessitate meticulous attention to several pivotal aspects.