Opponents of the effort to dismantle the agency worry the executive order will disrupt critical services, such as federal financial aid.
Federal policy changes like layoffs at the U.S. Department of Education and funding reductions create major new risks for the sector, analysts said.
The Trump administration shared the news in a social media post, but a Penn spokesperson said the institution hasn’t received “official notification.”
The increase is a “powerful vote of confidence” in the higher education sector, according to the Council for Advancement and Support of Education’s CEO.