Higher Education

Harvard suffers $113mn loss after Trump’s cuts to research funding

Author: user avatar Editors Desk Source: Financial Times
October 17, 2025 at 11:03
Harvard warned of more financial challenges ahead © Reuters
Harvard warned of more financial challenges ahead © Reuters

University’s losses are the largest since 2011 and have forced lay-offs and freezes on hiring and salary increases

Antoine Gara, Amelia Pollard and Andrew Jack in New York

Harvard University posted its first operating loss since the coronavirus pandemic after US President Donald Trump cut off billions of dollars in federal research funding in an effort to control college campuses.

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Donald Trump Higher Education

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