Trump on Tuesday threatened the school’s tax exempt status, and a $2.2 billion freeze on grants kicked in. Harvard borrowed money in anticipation of cuts.

Harvard University rejected the Trump administration's sweeping demands to reshape its operations, citing a profound threat to its independence and mission. This defiance followed intense internal discussions and a determination that the government's proposals were overly intrusive.

US President Donald Trump has threatened to revoke Harvard University's tax-exempt status, escalating his administration’s standoff with the nation’s oldest and wealthiest university. The threat follows Harvard’s rejection of federal demands to alter its hiring,