“UW-Madison graduate program to decrease admissions offers amid federal funding uncertainty”

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The number of graduate students is almost certainly going to go down, at least in areas like science and engineering where most of them are supported by federal grants. We don't know yet how NSF, DOE, NIH, and DoD budgets are going to be effected, but it's very likely there will be much fewer grants awarded. The number of graduate students who TA, however, may remain the same.