Cornell University is considering raising roughly $1 billion through taxable bonds, the latest elite US college looking to secure financing as the Trump administration targets the institutions.
The Ivy League university expects to price the bonds as soon as Nov. 17 and plans to use the proceeds for general corporate purposes, according to a filing published on the Municipal Securities Rulemaking Board’s website. It has tapped Goldman Sachs Group Inc. as the sole bookrunner on the deal.
Top-tier schools in recent months have sold taxable bonds and taken out loans to protect their finances as the Trump administration targets their budgets, according to data compiled by Bloomberg. Cornell earlier this year increased the size of its taxable commercial paper program, another way for colleges to preserve cash and fund campus projects.
Bloomberg Markets
By Faith DiBiagio
November 4, 2025