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Harvard plans to borrow $750 million after federal funding threats

Harvard University plans to borrow $750 million from Wall Street as part of contingency preparations, following threats from the Trump administration to review federal grants and contracts. The government listed conditions that Harvard must meet to receive federal money, including a ban on protesters wearing masks. Harvard intends to issue taxable bonds for general corporate purposes. The university has a $53 billion endowment, the largest of any U.S. university.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14581553/Harvard-plans-borrow-750-million-federal-funding-threats.html
Source Id: 8625111324

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