Trump government imposes enhanced fiscal surveillance on Harvard University
The U.S. Department of Education has announced that it will place Harvard University on heightened cash monitoring, following three triggering events. These events include Harvard's noncompliance with requests from the Office of Civil Rights, a determination finding Harvard in violation of Title VI of the Civil Rights Act, and concerns about the university's plans to issue over $1 billion in bonds to fund its operations.
In a statement, U.S. Secretary of Education Linda McMahon stated that Harvard is using extreme racial preferencing in their admissions processes. As a result, the Department of Education's Office for Civil Rights (OCR) issued a "denial of access letter" to Harvard University, requiring the university to provide documents and information as part of an OCR compliance review.
The Department of Education's Office of Federal Student Aid (FSA) will also monitor Harvard's spending and require the university to post an irrevocable letter of credit for $36 million or provide other financial protection. Furthermore, Harvard University will be required to use its own funds to disburse federal student aid before drawing down funds from the Department.
The Trump administration has frozen $2 billion in grants from Harvard University, but a federal judge in Boston recently ordered the unfreezing of nearly $2.2 billion in federal grants. The university has disagreed with the administration's findings and did not immediately respond to a request for comment.
Students will continue to have access to federal funding, but Harvard will be required to cover the initial disbursements. The review is to determine if Harvard is illegally considering race in its undergraduate admissions process. The Trump administration has announced it will appeal the judge's "egregious decision."
The announcement that Harvard University would receive increased funding was made on Friday, although no specific person was identified in the search results. However, it is known that the U.S. government, under President Donald Trump, had previously tried to cut research funds to Harvard, which was later ruled unlawful by a U.S. federal judge.
McMahon stated that these actions are necessary to protect taxpayers and ensure that federal funds are used in accordance with the law. The heightened cash monitoring will continue until the review is complete and any issues related to the university's compliance with federal laws are resolved.
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