This week in college admissions, Brown took out a $300 million loan, University of Chicago received a $100 million gift, UC San Diego established a hiring freeze, and Harvard faces over $2.1 billion in federal cuts.
Brown is borrowing $300 million from an unspecified lender. This move comes on the heels of the Trump administration’s freezing of $510 million in federal contracts and grants for the University, citing Brown’s alleged failure to address antisemitism on campus.
University of Chicago received a $100 million gift to support Booth’s Executive MBA Program. The 21-month program provides a rigorous career-focused education to hundreds of students from around the globe, on campuses in Chicago, Hong Kong, and London.
UC San Diego became the latest of several schools to freeze hiring and delay all capital projects. Citing “unprecedented conditions,” the University’s chancellor announced that the administration is bracing for federal budget cuts of up to 12.5%.
Harvard faces over $2.1 billion in federal cuts after refusing to comply with the Trump administration’s demands to change a number of university policies, including eliminating all diversity initiatives.
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