• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsColleges and Universities

Harvard, Trump close to $500 million payment to settle federal funding freeze, source says

By
Collin Binkley
Collin Binkley
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Collin Binkley
Collin Binkley
and
The Associated Press
The Associated Press
Down Arrow Button Icon
August 14, 2025, 3:45 PM ET
Harvard
Harvard University.AP Photo/Steven Senne, File

Harvard University and the Trump administration are getting close to an agreement that would require the Ivy League university to pay $500 million to regain access to federal funding and to end investigations, according to a person familiar with the matter.

Recommended Video

The framework is still being sorted out with significant gaps to close, but both sides have agreed on the financial figure and a settlement could be finalized in coming weeks, according to the person who spoke to The Associated Press on the condition of anonymity to discuss internal deliberations.

Harvard declined to comment.

The agreement would end a monthslong battle that has tested the boundaries of the government’s authority over America’s universities. What began as an investigation into campus antisemitism escalated into an all-out feud as the Trump administration slashed more than $2.6 billion in research funding, ended federal contracts and attempted to block Harvard from hosting international students.

The university responded with a pair of lawsuits alleging illegal retaliation by the administration after Harvard rejected a set of demands that campus leaders viewed as a threat to academic freedom.

Details of the proposed framework were first reported by The New York Times.

A $500 million payment would be the largest sum yet as the administration pushes for financial penalties in its settlements with elite universities. Columbia University agreed to pay the government $200 million as part of an agreement restoring access to federal funding, while Brown University separately agreed to pay $50 million to Rhode Island workforce development organizations.

Details have not been finalized on where Harvard’s potential payment would go, the person said.

The Republican president has been pushing to reform prestigious universities that he decries as bastions of liberal ideology.

His administration has cut funding to several Ivy League schools while pressing demands in line with his political campaign. None has been targeted as frequently or as heavily as Harvard, the richest U.S. university with an endowment valued at $53 billion.

More than a dozen Democrats in Congress who attended Harvard cautioned against a settlement on Aug. 1, warning the university it may warrant “rigorous Congressional oversight and inquiry.” Capitulating to political demands, they said, would set a dangerous precedent across all of higher education.

___

The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Collin Binkley
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

Latest in Politics

vigil
PoliticsMinnesota
37-year-old mother of 3 shot and killed by ICE in Minneapolis was a U.S. citizen who had recently moved to the state
By Michael Biesecker, Jim Mustian and The Associated PressJanuary 8, 2026
15 hours ago
ICE
PoliticsImmigration
Minneapolis shaken by ICE officer shooting and killing a 37-year-old woman in front of a family member amid immigration crackdown
By Tim Sullivan, Giovanna Dell'Orto and The Associated PressJanuary 8, 2026
15 hours ago
vladimir putin speaks in front of a microphone
CryptoCryptocurrency
Russia and Iran are increasingly turning to crypto—especially stablecoins—to avoid sanctions, report finds
By Carlos GarciaJanuary 8, 2026
16 hours ago
Photo: Donald Trump.
InvestingEconomics
If the Supreme Court rules against Trump’s tariffs it could threaten one third of his proposed military budget
By Jim EdwardsJanuary 8, 2026
18 hours ago
US President Donald Trump, alongside Deputy Chief of Staff Stephen Miller, Secretary of State Marco Rubio, and US Secretary of Defense Pete Hegseth, speaks to the press following US military actions in Venezuela, at his Mar-a-Lago residence in Palm Beach, Florida, on January 3, 2026. President Trump said Saturday that US forces had captured Venezuelan leader Nicolas Maduro after launching a "large scale strike" on the South American country.
EnergyVenezuela
The U.S. naval blockade of Venezuela has cost $700 million already—and is rising by $9 million daily
By Jordan BlumJanuary 8, 2026
20 hours ago
Real EstateHousing
Trump threatens to ban Wall Street from buying the house next door, saying ‘American Dream is increasingly out of reach for far too many people’
By Nick LichtenbergJanuary 7, 2026
1 day ago

Most Popular

placeholder alt text
Law
Amazon is cutting checks to millions of customers as part of a $2.5 billion FTC settlement. Here's who qualifies and how to get paid
By Sydney LakeJanuary 6, 2026
2 days ago
placeholder alt text
Future of Work
AI layoffs are looking more and more like corporate fiction that's masking a darker reality, Oxford Economics suggests
By Nick LichtenbergJanuary 7, 2026
1 day ago
placeholder alt text
Success
Diary of a CEO founder says he hired someone with 'zero' work experience because she 'thanked the security guard by name' before the interview
By Emma BurleighJanuary 8, 2026
12 hours ago
placeholder alt text
Workplace Culture
Amazon demands proof of productivity from employees, asking for list of accomplishments
By Jake AngeloJanuary 8, 2026
10 hours ago
placeholder alt text
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloJanuary 6, 2026
2 days ago
placeholder alt text
Economy
Mark Cuban on the $38 trillion national debt and the absurdity of U.S. healthcare: we wouldn't pay for potato chips like this
By Nick LichtenbergJanuary 6, 2026
3 days ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.