A big increase in the tax on university endowments is adding to financial uncertainty for the wealthiest colleges in the U.S., leading several already to lay off staff or implement hiring freezes.

U.S. President Donald Trump demanded a massive US$1 billion fine from the prestigious University of California system on ...

The Trump administration is seeking a $1 billion settlement from the University of California, Los Angeles, a White House ...

The University of California said on Friday (Aug 8) it was reviewing a $1 billion (S$1.2 billion) settlement offer by President Donald Trump's administration for UCLA after the government froze ...