As the Trump administration halts about $2.7 billion in Harvard University funding, the school’s president is absorbing some of the financial impacts by taking a 25 % pay cut, according to a university spokesperson.

Harvard President Alan Garber will take a 25 percent pay cut as the university faces financial headwinds with the loss of federal grants.

Harvard University is dedicating $250 million of its own funds to support researchers after U.S. President Donald Trump's administration froze nearly $3 billion in federal grants and contracts in recent weeks,