Cornell will pay the Trump administration $60 million to restore federal funding

Cornell’s research funding will be immediately restored under the agreement, which requires the company to pay a $30 million fine to the federal government over three years to end its investigation into the anti-Semitism allegations.

The university will also invest $30 million during the same period in agricultural research programs that “directly benefit American farmers through lower production costs and improved efficiency,” the report said. text of the agreement.

The deal comes after Cornell considered issuing about $1 billion in bonds and warned of possible layoffs in June, according to The New York Timesciting university leaders who said Cornell “needed to address our significant financial shortcomings by reducing costs and making a permanent change to our operating model.”

Cornell President Michael I. Kotlikoff said in a statement the “months of work stoppages, grant cuts, and funding freezes have halted groundbreaking research, upended lives and careers, and threatened the future of academic programs at Cornell.”

Cornell will be required to conduct annual surveys on how students, including those of Jewish descent, feel about the school and whether they feel safe reporting anti-Semitism at Cornell.

Cornell also agreed to provide the government with anonymized student admissions data for the next three years as the Trump administration scrutinizes the use of race in admissions.