It appears that Seabury-Western seminary, outside of Chicago, won't be admitting any new students come the Fall. Whether or not the school will be offering any degree programs is up in the air at the moment.
Apparently there have been few applicants, little money and reduced support from the Episcopal Church.
I have mixed feelings about this. On the hand hand it is always sad when a school hits hard times. On the other hand, this is the same seminary that practices 'communion of the unbaptized' in its chapel.