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OP here: I think the reason for reducing Ph.D. admissions is very simple and should be understandable to anyone who has ever been responsible for making payroll. We (at universities) have great uncertainty about future "revenue" (grants) with even funding for ongoing contracts/ grants not being guaranteed to come in next fiscal year. So we need to reduce expenses which are placed on the grants, the largest amount of which is paying for our trainees. The vast majority of universities in the US do not have extremely large endowments, and at least at the school I work at, the (very modest) endowment amounts that can be used for ongoing expenses already are. I, as a PI, am not directly admitting anyone into my group this year to ensure I have enough funding to pay existing group members. We're hunkering down and making sure those we have now will be funded through the rest of their Ph.D. While this article is talking about program-level decisions, there is a bottom-up aspect as well - at my program and many others, we (faculty) directly admit students into our group and are often responsible for their salaries from day one. Many faculty are, at an individual level, making the same decision I am, to reduce or eliminate any admissions offers this year. Edit: For reference, I am not at UPenn, but at a "typical" state school engineering program. |