Universities Count the Cost, One Year Into Trump’s Second Term

Uncertainty has been the single most damaging aspect of the second Trump administration, professors have said, with university finances taking a hit despite the impact of many of the president’s cuts not yet coming to fruition.

A year on since the U.S. president’s inauguration on Jan. 20, 2025, top universities are counting the cost of persistent attacks—which kicked off with significant cutbacks to federal research funding.

 Although many of the harshest cuts have been quietly rescinded or blocked by the courts, universities have suffered considerable damage and are likely to face more systematic reforms to research in future, said Marshall Steinbaum, assistant professor of economics at the University of Utah.

Read full article