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US Education Dept raises 'financial responsibility' concerns about Harvard
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US Education Dept raises 'financial responsibility' concerns about Harvard
Sep 21, 2025 2:59 AM

(Reuters) - The U.S. Department of Education on Friday said it placed Harvard University on "Heightened Cash Monitoring" status over concerns about the institution's financial position.

Under the HCM status, Harvard will be required to use its own funds to disburse federal student aid before drawing down funds from the Education department, the department said.

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