Harvard University Borrowing $750 Million: Report

CAMBRIDGE, MA — Harvard University announced its plans to borrow $750 million of taxable bonds from Goldman Sachs, according to a report from MassLive.

The action comes on the heels of President Donald Trump and his administration threatening to withhold billions in federal funding from the university if it does not adhere to certain demands. The demands include closing its diversity, equity, and inclusion programs, implementing a mask ban and adopting merit-based admissions and hiring policies.

Harvard Director of Media Relations Jason Newton said that the school expects to have approximately $8.2 billion in outstanding debt with this loan.

Read more at MassLive.