Harvard Gets a $36 Million BofA Guarantee That Trump Demanded

Bank of America Corp. provided a letter of credit for Harvard University, a step required by the Trump administration for it to participate in the federal student aid program after...

By Amanda Albright, Janet Lorin, Liam Knox · Bloomberg Markets

Bank of America Corp. provided a letter of credit for Harvard University, a step required by the Trump administration for it to participate in the federal student aid program after officials alleged the US’s richest school is in a position of financial instability.