Gov. Mike DeWine's veto of a budget provision prevents GOP legislators from withholding up to $75 million in funding to public universities over compliance with a new higher education law.
A common misconception is that universities can freely tap into their endowments to address financial shortfalls. In reality, a significant portion of endowment assets are legally restricted.
The Trump administration announced the suspension of approximately $175 million in federal funding for the University of Pennsylvania due to a transgender athlete's participation in its swimming program.