Adam Harris

And knowing that all it took was 14, you know, 15 days for the administration to go ahead and remove all of, you know, $400 million of Columbia's funding, those institutions may be more likely to say, whoa, let's like do whatever they're saying for Columbia to do. Let's go ahead and do that.

Yeah, so for an institution that is, say, more tuition-dependent, they rely on the students paying their tuition and that tuition helping them to meet payroll. Title IV funding is incredibly important because if you are not allowed to take loans from students, if you are not allowed to get Pell Grants from students, then a tuition-dependent institution is going to go out of business.

Yeah, so for an institution that is, say, more tuition-dependent, they rely on the students paying their tuition and that tuition helping them to meet payroll. Title IV funding is incredibly important because if you are not allowed to take loans from students, if you are not allowed to get Pell Grants from students, then a tuition-dependent institution is going to go out of business.

Yeah, so for an institution that is, say, more tuition-dependent, they rely on the students paying their tuition and that tuition helping them to meet payroll. Title IV funding is incredibly important because if you are not allowed to take loans from students, if you are not allowed to get Pell Grants from students, then a tuition-dependent institution is going to go out of business.

For bigger institutions like Columbia, these are institutions that have federal grants from the NIH, that have federal grants from the Defense Department, that have USDA grants, that have grants from the Education Department. So it's very varied, and the tentacles are all through the federal government. Yeah.

For bigger institutions like Columbia, these are institutions that have federal grants from the NIH, that have federal grants from the Defense Department, that have USDA grants, that have grants from the Education Department. So it's very varied, and the tentacles are all through the federal government. Yeah.

For bigger institutions like Columbia, these are institutions that have federal grants from the NIH, that have federal grants from the Defense Department, that have USDA grants, that have grants from the Education Department. So it's very varied, and the tentacles are all through the federal government. Yeah.

And so there's this idea that's sort of been bubbling up that, well, these institutions have big endowments. Why don't you just start using that? There's a fundamental misunderstanding about endowments. That's not just like fungible money that you can say, oh, well, that's $50 billion. We can spend $10 billion and make up for it tomorrow because most of that money is tied to very specific things.

And so there's this idea that's sort of been bubbling up that, well, these institutions have big endowments. Why don't you just start using that? There's a fundamental misunderstanding about endowments. That's not just like fungible money that you can say, oh, well, that's $50 billion. We can spend $10 billion and make up for it tomorrow because most of that money is tied to very specific things.

And so there's this idea that's sort of been bubbling up that, well, these institutions have big endowments. Why don't you just start using that? There's a fundamental misunderstanding about endowments. That's not just like fungible money that you can say, oh, well, that's $50 billion. We can spend $10 billion and make up for it tomorrow because most of that money is tied to very specific things.

Say a donor made a $400 million donation to the School of Fine Arts. If you start using that for payroll generally, you can guarantee you're never going to receive a single dollar ever again because people can't trust you to be good stewards or faithful stewards of that money. They can also sue you. And so there are some colleges that are just, you know, from 30 to 40 percent of their students

Say a donor made a $400 million donation to the School of Fine Arts. If you start using that for payroll generally, you can guarantee you're never going to receive a single dollar ever again because people can't trust you to be good stewards or faithful stewards of that money. They can also sue you. And so there are some colleges that are just, you know, from 30 to 40 percent of their students

Say a donor made a $400 million donation to the School of Fine Arts. If you start using that for payroll generally, you can guarantee you're never going to receive a single dollar ever again because people can't trust you to be good stewards or faithful stewards of that money. They can also sue you. And so there are some colleges that are just, you know, from 30 to 40 percent of their students

Budgets really kind of come from the federal government. But that's not to say that like this is a completely foreign system, right? This is – there is not a successful higher education system in the world really that is not – sort of subsidy-driven, that doesn't receive significant government subsidies.

Budgets really kind of come from the federal government. But that's not to say that like this is a completely foreign system, right? This is – there is not a successful higher education system in the world really that is not – sort of subsidy-driven, that doesn't receive significant government subsidies.

Budgets really kind of come from the federal government. But that's not to say that like this is a completely foreign system, right? This is – there is not a successful higher education system in the world really that is not – sort of subsidy-driven, that doesn't receive significant government subsidies.

So there's been a lot of sort of internal back and forth at institutions. You haven't really seen many public responses in part because there's a sort of keep your head down and hope that it's not you. You know, some of the, you know, smaller institutions, maybe public institutions, are

So there's been a lot of sort of internal back and forth at institutions. You haven't really seen many public responses in part because there's a sort of keep your head down and hope that it's not you. You know, some of the, you know, smaller institutions, maybe public institutions, are

So there's been a lot of sort of internal back and forth at institutions. You haven't really seen many public responses in part because there's a sort of keep your head down and hope that it's not you. You know, some of the, you know, smaller institutions, maybe public institutions, are

For some of the public state institutions, they're trying to fight like things that are going on in their own states, right? Consider a place like Ohio where they have a bill that's supposed to reform higher education. Florida, Texas, North Carolina, all of these states, there's this big federal thing that's going on.