Yale University sent a memo to students and faculty Wednesday indicating that it plans to cut graduate admissions by up to 15 percent.

According to an article Yale Daily News:

In interviews Wednesday and Thursday some department heads and graduate students questioned the decision to shrink the Graduate School, arguing that the reduction will take away from intellectual life and research efforts. Each department’s intellectual community benefits from a variety of viewpoints, which can only exist with a substantial number of graduate students, Italian Department chair Millicent Marcus said.

Yale’s investments dropped almost 29 percent last year.

Yale’s graduate school, like many others, mostly loses money as students generally do not pay tuition to study.

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Daniel Luzer

Daniel Luzer is the news editor at Governing Magazine and former web editor of the Washington Monthly. Find him on Twitter: @Daniel_Luzer