Harvard is going to try to borrow more money, issuing $675 million in tax-exempt bonds with the help of the state of Massachusetts, according to a preliminary official statement dated March 27, 2026. The 102-page document , a draft offering document used to help line up buyers for the bonds, offers some hints at how Harvard is coping under intense pressure from the federal government, which says the university has "failed to live up to both the intellectual and civil rights conditions that