Nearly 40 public and private institutions are participating, and many will include merit-based scholarships with their fall 2026 acceptance offers.
The state’s flagship could eliminate academic programs and offer voluntary separation packages to make the cuts, its chancellor said.
The Trump administration has asked the high court to pause the June ruling against the National Institutes of Health’s mass award cancellations.
The California research institution has been buffeted by shifting federal funding policies and a forthcoming increase to the endowment tax.