Penn Secures $500 Million in Lines of Credit as It Faces Federal Funding Hit

 

The trustees of the University of Pennsylvania secured lines of credit totaling $500 million as Ivy League schools continue to face federal funding pressures from the Trump administration.

The university entered into three separate agreements earlier this month, according to regulatory filings. The names of the banks as well as the interest rates were redacted in regulatory filings with the Municipal Securities Rulemaking Board. A spokesperson for the school did not respond to emails or a phone call requesting comment.

https://www.bloomberg.com/news/articles/2025-06-12/penn-secures-500-million-in-lines-of-credit-amid-federal-hits