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.

The university is facing cuts of more than $2.6 billion in federal funding and has already taken other steps to save money.