Harvard University to borrow Sh97.3 trillion as Trump administration reviews funding
US President Donald Trump points a finger during a meeting with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, US, April 7, 2025.
Harvard says it intends to issue up to $750 million (Sh97.3 trillion) of taxable bonds
Trump administration said last week it was reviewing $9 billion (Sh 1.2 trillion) in federal contracts and grants
US government has set conditions Harvard must meet to receive federal money
Harvard University plans to borrow $750 million (Sh97.3 trillion) from Wall Street as part of contingency preparations, it said on Monday, days after President Donald Trump's administration announced a review of $9 billion (Sh 1.2 trillion) in federal grants and contracts to the Ivy League school in a crackdown on alleged antisemitism on campuses.
In a letter to Harvard last week, the government listed conditions that Harvard must meet to receive federal money, including a ban on protesters wearing masks to hide their identities and other restrictions.
