By "defunding", they mean "they are no longer accredited". Essentially, "the government no longer recognizes them as worthwhile and rigorous education".

They're free to do it, their degree just doesn't mean anything; it doesn't even mean they 'passed a gender studies course'.

According to the government "the official reason is that this program is not 'economically rational".

Hopefully this doesn't trigger the SJW feminists too much. LOL