The first all-female college in the United States to admit male undergraduate students who identify themselves as female officially declared a “financial emergency” earlier this week.

The women’s school in dire economic is Mills College in Oakland, California, reports Inside Higher Ed.

The board of trustees announced that Mills is currently running a $9 million yearly operating deficit. The $9 million shortfall is about 16 percent of the school’s 2017 budget of $57 million.

The budgetary crisis will cause professors and administrators to lose their jobs, trustees said.