<p>So to be fair… EVERY SINGLE small school makes this claim about no grad students. But some of them have very limited resarch budgets. However, Mudd has a sizable research budget – they showed a slide at accepted students day about the amount compared to other liberal-arts colleges and they had the most funding by a lot (I don’t remember the numbers, but I want to say they were double the nearest school). We also had an interesting conversation about where their funding comes from – it is a mixture of grants from government organizations (like NSF, NHS), but also quite a bit from private sector money. They are working hard to beef up that private sector percentage more given the current political climate on science funding. We asked about that at another LAC (happened to be the one second on this list), and they looked at us blankly… why would they worry about losing government funding, no issue so far? So it seemed like Mudd was (1) much better funded in this area than other small-ish colleges, and (2) on their toes to keep their funding flowing in.</p>