Stanford University will reduce its budget by $140 million for the 2025-26 academic year due to declining federal research funding and a potential increase in endowment taxes. The budget cut, impacting all departments except the School of Medicine, will involve staff reductions. Despite these challenges, Stanford is committed to protecting financial aid and research continuity.Stanford to cut $140 million from 2025-26 budget, lay off staff amid federal funding drop
Stanford University will reduce its budget by $140 million for the 2025-26 academic year due to declining federal research funding and a potential increase in endowment taxes. The budget cut, impacting all departments except the School of Medicine, will involve staff reductions. Despite these challenges, Stanford is committed to protecting financial aid and research continuity.