The U.S. Department of Education informed Harvard University on Monday that it was freezing billions of dollars in future research grants and other aid until the nation's oldest and wealthiest college concedes to a number of demands from the Trump administration,

The Trump administration has informed Cambridge, Mass.-based Harvard University that it will no longer provide federal research grants after federal agencies conducted a “comprehensive review” in late March of its nearly $9 billion in federal grants and contracts.

The U.S. Department of Education has informed Harvard University of a freeze on future research grants and aid until the university addresses specific demands from the Trump administration.

A senior Department of Education official explained that Harvard University has failed to combat antisemitism and discrimination on its campus.

In a First on Yahoo Finance interview at the Milken Institute Global Conference, Education Secretary Linda McMahon says Harvard must make big changes.

The action was laid out in a letter to Harvard’s president and amounts to a major escalation of Trump’s battle with the Ivy League school.

The Trump administration has frozen Harvard University's federal research grants and aid, pending the university's compliance with demands related to campus antisemitism and faculty diversity. This is part of broader federal efforts to enforce policy changes via financial leverage.