Podcast:Marketplace All-in-One Published On: Mon Jul 27 2026 Description: Fewer students are trying to get advanced degrees in the United States. The number admitted to Ph.D. programs this coming fall dropped by 15% from last year. The number of international students applying to Ph.D. programs in the U.S. has also dropped sharply. Today, we'll hear how reduced federal funding for universities and stricter immigration policies are affecting advanced degrees and research. But first, a check-in on how businesses are feeling and what that means for their customers.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories in this episode:Ph.D. admissions have dropped 15% for the new school year