From the Harvard Crimson: The Trump administration has turned toward federal financial aid as a new pressure point for Harvard — but recent threats have yet to present a significant risk to Harvard’s financial footing or College students’ access to aid. The Education Department slapped a new sanction on Harvard when it placed the University on heightened cash monitoring status on Sept. 19. The classification, often applied to struggling technical and for-profit colleges, is typically used to ensure the federal government isn’t sending aid to schools that are likely to collapse midyear...
Under HCM1 status, the designation Harvard was placed in, there are no changes to the University’s payment method — unlike the more restrictive HCM2 status, which would require Harvard to use its own funds to cover aid for students eligible for federal grants, rather than first drawing down federal funding through the Advance Payment Method. But for Harvard, even that change would be unlikely to make much of a difference: Harvard has always first distributed aid to students and then requested federal reimbursement for financial aid awarded, according to a University spokesperson...
Full story at https://www.thecrimson.com/article/2025/10/22/Heightened-Cash-Monitoring/.
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