> However, I would question whether removing Latin or Ancient Greek as a requirement meaningfully lowers the quality of education

In Classics, where Ancient Greek and Latin are principal topics of study

I understand why we might relent on not teaching them as a part of general studies, but in Classics, Theology and Ancient History at the graduate level there's no way to escape the need to read the original, and anyone who must rely on translation will remain crippled in the field as long as they do so.