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CAMBRIDGE, Mass. (WBZ NewsRadio) — Universities across Massachusetts are reevaluating their financial strategies as President Trump continues to target institutions of higher learning.
Leaders at the Massachusetts Institute of Technology met in April to discuss their options if they continue to lose federal funding while fighting what they call an overreach from the Trump administration, according to a report from the Boston Globe.
In February, MIT joined a lawsuit against the National Institute of Health after it said it would impose a cap on "indirect cost" reimbursements needed for research on campus. A similar lawsuit was also filed against the Department of Energy, which also stated it would implement a cap, cutting $30-$35 million from the school's annual budget.
According to audio obtained by The Globe, MIT Treasurer, Glen Shor says the university could risk losing around 23 percent of revenues for the central budget.
Some options presented to prepare for further possible cuts include reducing graduate enrollment and pursuing "targeted layoffs."
Read More: Harvard Pres. Says School Rejects Trump Administration Demands
Trump recently vowed to revoke Harvard University's tax-exempt status after freezing more than $2 billion in its federal research funding. The Ivy League issued a statement claiming there is no legal basis to rescind its status. The university also filed a lawsuit with the federal court against the Trump administration over the funding freeze.
WBZ NewsRadio’s Emma Friedman (@EmmaFriedmanWBZ) has more.