Trump's Ivy League Deals Set to Funnel Cash to Trade Schools

Source: msn/Bloomberg

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(Bloomberg) -- President Donald Trump’s campaign to squeeze billions of dollars out of Harvard University and other elite colleges looks set to create a windfall for US trade schools.

Trump wants Harvard to build one of its own, as part of a deal to restore frozen federal funding, according to Commerce Secretary Howard Lutnick. “The Harvard Vocational School,” Lutnick said Thursday. “That’s what America needs.”

It was the latest outing for an idea that’s gained steam in the past month or so. Multiple US colleges are trying to hammer out financial agreements with the White House to settle charges of political bias and regain access to vital research grants. Many are reluctant to pay outright fines. But investment in career and technical training — a stated priority for Trump, who wants to revive US manufacturing — looks like a compromise both sides can abide.

How it will work in practice remains unclear, even at the college that’s gone furthest down this road.

Read more: https://www.msn.com/en-us/money/other/trump-s-ivy-league-deals-are-set-to-funnel-cash-to-trade-schools/ar-AA1MwF3z