Close Menu
  • Home
  • AI & Technology
  • Politics
  • Business
  • Cryptocurrency
  • Sports
  • Finance
  • Fitness
  • Gadgets
  • World
  • Marketing

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Bitcoin Weekly Close On Sight As It Falls To $65K

March 28, 2026

3 Reasons XRP Rallies Stall — What Must Change For A Sustained Recovery

March 28, 2026

XRP Open Interest Surges As Price Slides—More Volatility Ahead?

March 28, 2026
Facebook X (Twitter) Instagram
  • Home
  • About US
  • Advertise
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
MNK NewsMNK News
  • Home
  • AI & Technology
  • Politics
  • Business
  • Cryptocurrency
  • Sports
  • Finance
  • Fitness
  • Gadgets
  • World
  • Marketing
MNK NewsMNK News
Home » Princeton Hit With Fund Freeze as Trump Widens College Fight
Finance

Princeton Hit With Fund Freeze as Trump Widens College Fight

MNK NewsBy MNK NewsApril 2, 2025No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


(Bloomberg) — Princeton University said US government agencies have frozen several dozen research grants as President Donald Trump escalates his fight with elite American colleges.

Most Read from Bloomberg

The “full rationale” for the suspension isn’t clear, said Princeton President Chris Eisgruber, but he affirmed the school’s intention to combat antisemitism, which the White House has cited in its push to force change at other schools including Columbia and Harvard universities.

“If there’s an allegation that there’s some kind of unlawful behavior, we have to change that,” Eisgruber said Tuesday in an interview on campus with Bloomberg News. “We have to stand steadfastly against antisemitism and all other forms of discrimination, and we will cooperate with the government to address those if that’s their concern.”

Follow The Big Take daily podcast wherever you listen

The Trump administration is ramping up pressure on US universities, which were roiled by pro-Palestinian student protests last year after the Oct. 7, 2023, attack by Hamas on Israel and the Jewish state’s retaliatory response in Gaza. The crackdown has stirred concern among faculty and students that the government is suppressing free speech and academic freedom, and risks damaging research and innovation.

Eisgruber, a constitutional lawyer and Princeton’s president since 2013, said the school will continue to “vigorously defend academic freedom and we will insist on the due process rights of the university.” He also spoke out in favor of free speech while cautioning that protests are still subject to limits.

“People have the right to articulate ideas, even if they are immoral, offensive or wrongheaded,” he said. “People can criticize me, they can criticize the government, they can say lots of other things on the campus, but it doesn’t mean that you can pitch tents in an encampment or, or take over a building, whether you’re in Washington DC or whether you’re on the Princeton University campus.”

On the funding freeze, Princeton said it received notifications from government agencies including the Energy Department, Defense Department and National Aeronautics and Space Administration.

Demands put on universities in order to continue their government research funding are “deeply worrisome,” Eisgruber said, adding that he’s concerned the attack on the institutions will leave the US behind in scientific innovation after decades of successful collaboration.

“It has contributed tremendously to the prosperity, health and security of our country and that pact has depended on the idea that the American government will come to universities and ask them to do research that is in the interest of the American people,” Eisgruber said.

Princeton, a science powerhouse where faculty have won Nobel Prizes in physics and chemistry in recent years, was on a list of 60 colleges that the Education Department warned in March could face penalties pending investigations into their handling of allegations of antisemitism. The school, which had a $33.4 billion endowment as of June, received $455.8 million in government grants and contacts in 2024, according to its latest Report of the Treasurer.

The university on Tuesday it was considering selling $320 million of taxable bonds, which can be used for general purposes. Other top schools including the University of Pennsylvania and Stanford University have tapped debt markets amid various tax and funding risks.

The Trump administration said earlier this week it would scrutinize billions of dollars of federal funding at Harvard University. The review includes $8.7 billion in grants and $255.6 million in contracts, according to a statement from agencies including the Department of Education and the Department of Health and Human Services.

The administration in March froze $400 million in funding at Columbia, days after warning the school that it was reviewing the money as part of investigations into potential civil-rights violations. President Donald Trump has warned that he would stop “all federal funding” for any college or school that allows “illegal protests” and threatened to imprison or deport foreign students.

In recent weeks several students or former students have been detained by immigration agents, including Mahmoud Khalil, who led anti-Israel protests at Columbia, and Tufts University PhD student Rumeysa Ozturk, from Turkey, who was snatched off the street by plainclothes officers and has been sent to a facility in Louisiana.

Columbia has agreed to a list of demands to restore federal funding, including a ban on masks, expanded campus police powers and a review of its Middle East, South Asian and African studies department. That infuriated some faculty who saw it as capitulation.

Interim President Katrina Armstrong, meanwhile, abruptly stepped down last week to return to her role as chief executive officer of Columbia University’s Irving Medical Center, days after media reports that she downplayed the changes in a zoom meeting with faculty.

–With assistance from Sarah McGregor and Elizabeth Rembert.

(Updatges with bond sale in 11th paragraph.)

Most Read from Bloomberg Businessweek

©2025 Bloomberg L.P.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
MNK News
  • Website

Related Posts

Rite Aid files for bankruptcy — again

May 6, 2025

How to Track Driver Performance Without Micromanaging

May 6, 2025

Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year

May 6, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Tiger Woods arrested, charged with DUI after Florida crash

March 28, 2026

Sabalenka, Sinner keep ‘Sunshine Double’ in sight with Miami Open wins

March 27, 2026

Hasan’s pace, all-round Ali give Kings victory over Gladiators

March 27, 2026

Iranian football players hold schoolbags in solidarity with girls killed in strike on Minab school

March 27, 2026
Our Picks

Bitcoin Weekly Close On Sight As It Falls To $65K

March 28, 2026

3 Reasons XRP Rallies Stall — What Must Change For A Sustained Recovery

March 28, 2026

XRP Open Interest Surges As Price Slides—More Volatility Ahead?

March 28, 2026

Recent Posts

  • Bitcoin Weekly Close On Sight As It Falls To $65K
  • 3 Reasons XRP Rallies Stall — What Must Change For A Sustained Recovery
  • XRP Open Interest Surges As Price Slides—More Volatility Ahead?
  • Tiger Woods arrested, charged with DUI after Florida crash
  • Sabalenka, Sinner keep ‘Sunshine Double’ in sight with Miami Open wins

Recent Comments

No comments to show.
MNK News
Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
  • Home
  • About US
  • Advertise
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 mnknews. Designed by mnknews.

Type above and press Enter to search. Press Esc to cancel.