President Donald Trump again threatened the Ivy League institution's tax-exempt status on Friday as the battle between the two escalates.
The president's proposed cuts would dramatically reduce funding for Federal Work-Study and eliminate all spending on the TRIO program.
Policy changes under the Trump administration could amount to hundreds of millions of dollars in funding losses for the institution.
The new process could result in colleges changing accrediting agencies with little review into whether they’re trying to evade oversight, one expert said.