Harvard University to borrow $750 million as Trump administration reviews funding

Trump

A passerby poses for a photo with a Harvard tour group and the statue of John Harvard in the background on Harvard Yard, on the first day of the fall semester at Harvard University in Cambridge, Massachusetts, U.S., September 3, 2024. PHOTO | REUTERS

Photo credit: Kevin Mohatt | Reuters

By  REUTERS

REUTERS

What you need to know:

  • Harvard says it intends to issue up to $750 million of taxable bonds
  • Trump administration said last week it was reviewing $9 billion in federal contracts and grants
  • US government has set conditions Harvard must meet to receive federal money


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