The U.S. Department of Education announced Friday that it has placed Harvard University on heightened cash monitoring as a result of "growing concerns" regarding its "financial position," the latest pressure tactic against the school by the Trump administration .

The department's Office of Federal Student Aid (FSA) will be monitoring the university's spending, and will require it to "use its own funds to disburse federal student aid before drawing down funds from the Department," according to the statement.

"Students will continue to have access to federal funding, but Harvard will be required to cover the initial disbursements as a guardrail to ensure Harvard is spending taxpayer funds responsibly," the department of education said.

The FSA will also require Harvard to post "an irr

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