Trump believes he’s close to a $500 million Harvard agreement

Wed Oct 01 2025
Ramesh Sridharan (992 articles)
Trump believes he’s close to a $500 million Harvard agreement

Reports says that President Donald Trump of the United States of America made the announcement that his administration is getting close to concluding a deal with Harvard University that is worth $500 million. A potential resolution to one of the most visible disagreements between his administration and higher education in the United States could be reached through the agreement.

“They’ll be paying about $500 million, and they’ll be operating trade schools.” Trump informed reporters that they will be training people how to perform artificial intelligence, in addition to a great deal of other things. However, he did not elaborate on whether or not the arrangement would involve an independent monitor, as was the case with the earlier settlement reached by Columbia University. In April, the Administration of President Trump blocked almost $2.2 billion in grants and $60 million in contracts to Harvard University, citing the university’s alleged inability to combat antisemitism on campus in the aftermath of the conflict between Israel and Hamas. After that, the disagreement broadened to include claims of political prejudice, an investigation into Harvard’s relations with China, and opposition to endeavors to increase diversity.

A legal challenge was filed by Harvard University against the freeze. The President of the University, Alan M. Garber, made the following statement: “No government, regardless of which party is in power, should dictate what private universities can teach, who they can admit and hire, and which areas of study and inquiry they can pursue.” At the beginning of this month, a federal court issued a ruling that favored Harvard University. The court stated that the administration had violated the Constitution by acting in an unlawful manner and using antisemitism as a “smokescreen” for an attack that was ideologically driven. In the event that a deal is reached, Harvard has indicated that it is willing to provide around $500 million to workforce programs. In June, Trump referred to the negotiation of a settlement as “mindbogglingly historic.” Trump has repeatedly stated that a settlement is about to be reached.

In the midst of ongoing negotiations, the United States Department of Health and Human Services (HHS) launched administrative suspension and debarment proceedings against Harvard on Monday. This decision has the potential to result in the institution being denied access to any and all government funding. It is possible for Harvard to submit a request for a hearing within a period of twenty days. Assuming the deal is finalized, the Ivy League college would be shielded from the imminent risk of being disqualified from receiving research funding, student aid, and federal contracts.

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai