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Sic gives instructions for the processing of personal data in the Fintech

Sic gives instructions for the processing of personal data in the Fintech

Donald Trump’s government announced new restrictions on Harvard’s access to federal funds, intensifying the dispute between the White House and the University. The Department of Education reported that the institution was put under “elevated cash monitoring”, which implies that The student aid programs must initially finance with own resources before requesting reimbursements from the government. The measure occurs after a recent Judicial Victory of Harvard, which managed to reverse the freezing of 2.6 billion dollars in funds.

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In a statement, the Department of Education said that the decision responds to “growing concerns regarding the university’s financial position.” Under the new status, the students “They will continue to have access to federal financing, but Harvard will be obliged to cover the initial disbursements as a protection measure to ensure that you spend taxpayers funds in a responsible manner,” The agency indicated.

In addition to the new disbursement modality, the government demanded that the institution “Publish an irrevocable letter of credit for 36 million dollars” to cover possible responsibilities. The objective, according to federal officials, is to ensure that the University complies with its financial commitments against support programs in which public resources participate.

Colombia’s descertification by Donald Trump was declared of “national interest”, which avoided sanctions and maintained cooperation with the United States.

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The provision assumes that Harvard must mobilize its own resources at each stage of disbursement of scholarships and aid, and then process the reimbursements before the government. This mechanism is considered more restrictive than the usual model, in which institutions directly receive federal funds before distributing them to students.

From his return to the White House in January, Donald Trump has intensified his criticism of Harvard. The president has accused the University of being a space that encourages what he describes as “Wake” ideology, a term used derogatory in conservative sectors to refer to inclusion and diversity policies.

The conflict between the government and the institution climbed in early September, when a judge revoked a decision that He had frozen 2.6 billion dollars in funds for the university. This judicial resolution was interpreted in Harvard As a step to guarantee its financial stability, but the Federal Administration responded with the announcement of new control measures.

The Government has also questioned the management of proportions in university campuses. Trump officials accuse Harvard and other institutions not to provide enough protection to Jewish students in that context. The University has rejected these statements and has indicated that government measures seek to influence internal aspects such as hiring, admissions and academic content.

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Donald Trump, president of the United States

Donald Trump, president of the United States

EFE

University reaction

Harvard did not immediately pronounce on the decision to submit it to “high cash monitoring.” However, in a separate statement released on Friday, he informed that he had begun to recover some previously frozen funds.

“We are pleased to see the distribution of 46 million dollars in research funds of the Department of Health and Human Services. This is an initial step, and we hope to continue seeing that financing is restored in all federal agencies,” The institution pointed out.

Paula Galeano Balaguera
Portfolio journalist

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