Trump Moves Could Force Universities to Recalculate Their Bottom Lines

特朗普的举措可能迫使大学重新核算其财务底线

WSJ What’s News

新闻

2025-04-20

17 分钟
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The Trump administration has already pulled grant money from Harvard and is threatening to do so at other institutions too. Meanwhile,the administration is pulling hundreds of student visas and moving to deport some. WSJ’s Doug Belkin explains how losing federal grant money could affect universities’ bottom lines. And Fanta Aw, executive director and CEO of the Association of International Educators (NAFSA), explains how much international students contribute to universities’ budgets and the impact that losing them could have. Further Reading:  Trump Is Going After Universities’ Federal Funding. Here’s What to Know.   The Little-Known Bureaucrats Tearing Through American Universities   Trump Team to Freeze Nearly $2 Billion at Cornell and Northwestern Universities   How Harvard Ended Up Leading the University Fight Against Trump  Trump Administration Wants to Install Federal Oversight of Columbia University  Former College President Explains Funding Strategies Behind Universities  Chinese Students on U.S. Campuses Are Ensnared in Political Standoff  Student Visas Are Being Revoked Without Reason or Warning, Colleges Say  Harvard-Bound Students Stand Firm While Some Columbia Prospects Think Twice  Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Hey, What's News listeners, it's Sunday, April 20th.

  • I'm Alex Ocilla for The Wall Street Journal.

  • This is What's News Sunday,

  • the show where we tackle the big questions about the biggest stories in the news by reaching out to our colleagues across the newsroom to help explain what's happening in our world.

  • On today's show,

  • the Trump administration is threatening to pull grant funding from institutions like Columbia and has already done so for Harvard.

  • And it's also taking aim at individual students,

  • pulling hundreds of student visas and even moving to deport some.

  • What's the impact on universities' bottom lines, their reputation, and their culture?

  • At the end of the day, universities are businesses.

  • Their budgets are made up of student tuition,

  • endowments, philanthropic donations, and government grants.

  • Just how big their budgets are depends on a number of different factors,

  • including, say, how much research the university does.

  • For example, Harvard spent $6.4 billion in fiscal year 2024.

  • Later on in the show, we'll speak to Fanta Av, the executive director and CEO of NAFSA,

  • the Association of International Educators,

  • about where international students fit into balancing these budgets.

  • But first,

  • let's zero in on the Trump administration's threats to freeze billions of dollars in grants from institutions and how it's unsettling universities across the country.