Trump Cancel Harvard Funding: Here is how much the university receives from the US government
The Trump administration is growing under financial stress after a freezing of more than $ 2.2 billion in federal financing, intensifies demands to destroy its diversity, equity and inclusion (DEI) programs for Ivy League Institution and to modify its entry policies.
This decision threatens an important revenue stream for Harvard, despite – despite being the world’s largest university settlement – heavily on federal funding to support research and student support. In the financial year of 2024, the university received about $ 686 million in federal grants, accounting for about 68% of all sponsored research revenue.
Between 2020 and 2023, Harvard replaced the top recipients of federal funding for university research and development, who obtained an additional $ 2.5 billion in federally financed support and $ 2.7 billion from other sources. This highlighted Harvard with institutions such as Stanford, Cornell and Pennsylvania University to highlight its heavy dependence on federal funds to maintain its research infrastructure. According to data from the National Center for Science and Engineering Statistics, Harvard’s research funding deployed it in the total R&D expenditure behind leading universities like Johns Hopkins and Michigan University.
According to Harvard’s 2024 financial review, the university’s settlement increased by $ 2.5 billion to $ 53.2 billion after 9.6% returns on investment. However, most of the settlement is limited to specific uses. The university maintained $ 2 billion in liquid short-term investment to meet operating requirements-above its minimum liquidity policy, these reserves are not enough to compensate for a long time if the federal support is suspended.
In response to the crisis, Harvard has implemented a hiring freeze and is rejuvenating capital projects. President Elon Garber insisted that the institution would not bow down to political pressure. “We will not surrender our freedom or will not abandon our constitutional rights,” he said.
Harvard raised $ 1.6 billion through new bond issues to fund capital expansion and refinance old loans, making its total liabilities to $ 7.1 billion. Despite the additional loan, the university retained its top level AAA/AAA credit rating.
Meanwhile, Harvard continues to expand his financial aid program. The increased scholarship resulted in a slight decline in pure graduate tuition income. The university now covers the cost of full tuition, housing and food for families earning under $ 85,000, and offers a start-up and launch of $ 2,000 to enter the college and support low-income students.
Nevertheless, the disadvantage of federal financing ends the main operations. Experts have warned that even a well -rich organization like Harvard can also turn public investment with internal funds, especially in high -cost areas such as scientific research.
Former President Barack Obama has asked Harvard’s stance “for a royal stand Educational freedom“The university’s response, he said, shows wide questions about the autonomy of higher education institutions under political investigation.
