The U.S. Department of Education’s Office of Federal Student Aid has placed Harvard University on heightened cash monitoring status due to growing concerns about the university’s financial position, according to a Friday announcement.
Harvard is the nation’s oldest and wealthiest institution, with over $53 billion in its endowment.
The announced status update comes after a federal judge sided with Harvard , restoring nearly $3 billion in federal funding to the university at the beginning of September. Since then, the federal government has begun reinstating some of the funding . The fight between Harvard and the Trump administration has been ongoing since February.
The federal government will require Harvard to post $36 million or other financial protection to the Department of Educ