Ivy League University Takes Out Additional $500 Million Loan Due To Federal ‘Uncertainty’
Brown University took out its second multi-million-dollar loan four months after the Trump administration pulled $510 million in federal grants from the school for allegedly continuing to use illegal diversity, equity…
Brown University took out its second multi-million-dollar loan four months after the Trump administration pulled $510 million in federal grants from the school for allegedly continuing to use illegal diversity, equity and inclusion (DEI) tactics and failing to address antisemitism on campus.
The Ivy League university took out an additional $500 million loan in July from an unidentified provider, documents show. Brown first took out a $300 million loan shortly after the administration announced the funding freeze in April.
“On July 16, Brown University entered into a $500 million term loan directly with a financial lender,” a Brown spokesman told the Daily Caller News Foundation. “Given recent volatility in capital markets and uncertainty related to evolving federal policy related to higher Education, research and other important priorities of Brown, the University is fortunate to have a number of sources of liquidity, including commercial paper programs, bank lines and the private and public debt markets, that are available to help Brown manage its finances and priorities.”
Despite the Supreme Court’s 2023 ruling banning affirmative action policies, Brown announced