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Current Events => Breaking News => Topic started by: SVPete on March 30, 2026, 08:35:06 AM

Title: Worth Knowing, Probably Not Quite Threadworthy 3/30
Post by: SVPete on March 30, 2026, 08:35:06 AM

Harvard To Borrow Another $675 Million as Applications Plunge

https://freebeacon.com/campus/harvard-to-borrow-another-675-million-as-applications-plunge/ (https://freebeacon.com/campus/harvard-to-borrow-another-675-million-as-applications-plunge/)

Quote

Harvard is going to try to borrow more money, issuing $675 million in tax-exempt bonds with the help of the state of Massachusetts, according to a preliminary official statement dated March 27, 2026.

The 102-page document, a draft offering document used to help line up buyers for the bonds, offers some hints at how Harvard is coping under intense pressure from the federal government, which says the university has "failed to live up to both the intellectual and civil rights conditions that justify federal investment." The Massachusetts Development Finance Agency is controlled by Governor Maura Healey, a Democrat and former captain of the Harvard women’s basketball team; Harvard has already tapped the agency for $1,169,075,000 in bond offerings in 2024 and 2025, and if this offering is completed at the $675 million level, Healey’s helping hand to Harvard via Massachusetts' municipal bond authority will reach a total of more than $1.8 billion.

Among the key disclosures:

— "First-year student applications received" by Harvard plunged more than 21 percent to 47,893 for the 2025-2026 academic year from a recent high of 61,221 in 2022-23. Peer institutions such as Yale reported 54,919 applicants this year, Brown 47,937 applicants, and Columbia 61,031 applications. Harvard isn’t releasing its application numbers for students entering in the fall of 2026 until it is required to by the federal government, the Harvard Crimson reported.

— Harvard, which has been complaining it is so financially strapped that potentially life-saving cancer research is endangered, employs 12 vice presidents. The United States of America somehow manages with just one vice president, and MIT somehow survives with a mere seven.