A White House proposal for special funding treatment crossed a line for several schools. Some say it feels like a turning point in the federal government’s battle with higher education.
In its latest financial report, Harvard said its endowment grew even bigger in the last fiscal year. But it still faces financial problems because of federal cuts.
Harvard and other elite schools with large endowments have said the money can be difficult to tap to help cover cuts sought by the Trump administration.
Brown was the second university to turn down the deal, which would have given a funding preference to universities that agreed to certain requirements.
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