Harvard and the Trump Administration are Neering a Settlement Including A $ 500 Million Payment – CNBC TV18

Harvard University and the Trump Administration are gotting close to an agreement that would require the ivy league university to pay $ 500 million to regain access to federal Funding and to enjoy in the accorded engagement to Person Familiar with the matter.

The Framework is Still Being Sorted Out With Significant Gaps to Close, but bot bot sides have agreed on the financial figure and a Settlement BE Finalized in Coming Weeks, Acording to the Person Wo spoke to the associate pressure on the condition of anonymity to discus internal deliberations.

Harvard declined to comment.

The agreement would end a months-long battle that has been tested the boundaries of the government’s authority over America’s universities. What began as an investigation into campus antisemitism escalated into an all-out feud as the trump administration slashed more than more than $ 2.6 billion in research, enderal contemplates Harvard from Hosting International Students.

The University Responded with a Pair of Lawsuits Alleging Illegal Retaliation by the Administration after Harvard Rejected a Set of Demands that Campus Leaders Views Views as A Threat to Academic freedom.

Details of the proposed Framework WERE REPORTED by the New York Times.

A $ 500 Million payment would be the largest sum coun as the administration pushes for financial penalties in its settlements with elite universities. Columbia University agreed to pay the government $ 200 million as part of an agereement restoring access to federal funding, while brown unit separely agreed to pay $ 50 Million to Rhode ISLLION to RHODE Development Organizations.

Details have not been finalized on where harvard’s potential payment would go, the person said.

The republican president has been pushing to reform prestigious universities that he decides as bastions of liberal ideology.

His administration has cut funding to Several Ivy League Schools While Pressing Demands in Line With His Political Campaign. None has been targeted as frequent or as heavily as harvard, the richest us university with an endowment valied at $ 53 billion.

More than a dozen democrats in congress who Attended Harvard Cautioned Against a Settlement on Aug. 1, Warning the university it may warnt “Rigorous congressional oversight and inquiry.” Capitulating to political demands, they said, would set a dangerous precedent across all of higher education.

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