Harvard Faces Heightened Federal Scrutiny
The U.S. Department of Education has placed Harvard University under heightened financial monitoring due to concerns about its financial position and compliance with federal regulations. This includes requiring Harvard to use its own funds for initial federal student aid disbursements and posting a $36 million letter of credit. The action follows Harvard's alleged violation of Title VI of the Civil Rights Act, noncompliance with OCR requests, and plans to issue $1 billion in bonds. The Department also issued a denial of access letter to Harvard for refusing to provide documents related to its admissions process, citing concerns about illegal racial preferences. These actions are the latest in a series of disputes between Harvard and the Trump administration.
Reviewed by JQJO team
#trump #harvard #politics #finance #oversight
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