Princeton will not have to pay any net investment income tax on returns from its $36.4 billion endowment, a University investment official said at a private event in January, after a recent expansion of its undergraduate financial aid program left the University below a 3,000 tuition-paying student threshold to qualify for taxation.
Experts had projected that the new tax on wealthy university endowments — enacted under H.R. 1, the omnibus tax and spending bill passed by congressional Republicans in July 2025 — would have cost Princeton roughly $180 million annually.
On a rainy March afternoon, a half-filled lecture hall in the basement of East Pyne became an unlikely forum for questions about teaching and something much larger: fear, not just about what can be said in the classroom and on campus, but how it can be perceived in the public eye.
At an American Association of University Professors (AAUP) event on political pressure and faculty governance led by Joan W. Scott, a professor emerita of the School of Social Science at the Institute for Advanced Study, and Keeanga-Yamahtta Taylor, a Princeton professor of African American studies, the two situated the campus climate as increasingly shaped not only by internal debates over speech, but by growing federal government scrutiny and political intervention.
Thus far, Princeton has left decisions on AI use in the classroom to individual faculty members. It is currently weighing a proposal to require proctoring for in-person examinations, a good start if adopted. Should it commit to a broad set of solutions and generate the institutional energy required to implement them, the University would model positive change for educational institutions at all levels.
The fixes are obvious. Yet obvious fixes are often not made thanks to apathy and inertia, resistance to change, torpidity, investment in the status quo, lack of imagination, and defeatism. Meaningful change requires energy and commitment for the long haul, on the part of a sufficiently large number of people.
The University of California Los Angeles (UCLA) School of Law is in the midst of a free-speech emergency. When a major American law school teaches its students that the right way to respond to political opponents is to silence them, something has gone wrong. And when it then attempts to protect those disruptive students from public criticism by threatening other students’ speech, it’s a crisis.
That’s just what happened at UCLA this past month.
The faculty, administrators, and trustees who establish graduation criteria at America’s most prominent colleges and universities have made a clear set of judgments about what every educated citizen should know. Their choices suggest that familiarity with diversity, equity, and inclusion (DEI) is more essential than an understanding of economics, American history, and the Constitution.
Berkeley has long been viewed as one of the most viewpoint-intolerant universities in the United States. Conservatives and those with opposing views are rarely invited and often face protests or cancellations. Some of us have long accused the Berkeley administrators and faculty of fostering this culture of intolerance. That culture was again on full display in the cancellation of an event with Jeffrey Dean, Chief Scientist at Google, in Jarvis Auditorium on Friday, May 1.
Roughly twenty masked protesters entered the event with the intention of preventing others from hearing from Dean and discussing these issues. Soon after the event began, they reportedly disrupted it with megaphones and yelling.
PFS’s featured editorial this month is Yale Issues clarion call for change, joining other leading universities. Where is Princeton? We put Yale’s report in the context of the growing consensus amongst a widening circle of University Presidents that President Maurie McGinnis is correct. University leaders must take responsibility for their role in reaching this critical point. President Eisgruber is not among this list of reformers.
If you want to know more about why Princeton is not leading this movement to restore trust in higher education,link here to a comprehensive Five-Part Review of President Eisgruber’s book, Terms of Respect, How Colleges Get Free Speech Right, written for PFS by Tal Fortgang ‘17.
Can universities be reformed? Princeton’s Professor of Mathematics Sergiu Klainerman is a pessimist. In the absence of powerful external pressures, reform from within is “very close to zero” due to what he sees as the deep corruption of the universities’ core mission.
Klainerman was born in Romania and graduated from the University of Bucharest in 1974. He earned his PhD in Mathematics at NYU in 1978 and has taught at Princeton since 1987. A MacAurther Fellow (1991) and Guggenheim Fellow (1997) he was awarded the Bôcher Memorial Prize by the American Mathematical Society in 1999 "for his contributions to nonlinear hyperbolic equations."
Klainerman presented his bleak perspective on the state of higher education in an address at the recent opening of the University of Iowa’s Center for Intellectual Freedom, a new institution dedicated to the study of civics.
160 out of 257. Princeton moves up—but still "fails" (earning a grade of "F")—in FIRE's 2026 College Free Speech rankings.