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How student finance clubs seized control of the path to Wall Street
How student finance clubs seized control of the path to Wall Street

Business Insider

time12-05-2025

  • Business
  • Business Insider

How student finance clubs seized control of the path to Wall Street

In his first week as a freshman at Columbia University, Jordan Cancel, a Floridian who was then 18, saw just how competitive a career path to finance would be. Outside the iconic Butler Library, known for its Neoclassical columns, mobs of students were clamoring to get to informational booths set up by the college's finance and business clubs. "There were lines and lines of kids queued up at these club booths," Cancel, now 20, recalled in an interview with Business Insider. The students, he said, were all vying to converse with the clubs' leaders and make a good impression. "I was just honestly really overwhelmed." Weeks later, heading to his first admissions interview with one of these clubs, the stakes felt palpable. Cancel recalled reading the Excel sheet with timeslots for a lengthy list of applicants as he waited for his name to be called. He brought plenty of résumé copies and dressed in business formal, "down to the shoes," because he'd heard that assessment metrics included attire. "I was so beyond scared," said Cancel, who was ultimately accepted into the club. As part of Business Insider's series on career paths in finance, we interviewed about 30 students from schools popular with Wall Street recruiters, including the University of Pennsylvania, Columbia University, New York University, and Georgetown University. They described how campus business and finance clubs had become a crucial gateway to a career on Wall Street. These are extracurricular, student-run groups — like a chess club or drama society — that come with names like the "investing banking club" or the "finance club." Some run full-fledged investment funds, while others are Greek fraternities that recruit students majoring in business, finance, marketing, or accounting. What distinguishes them is that they tend to offer their members VIP access to campus recruiters, specialized training sessions, and other tools to help students snag the all-important investment banking internship, which is the best path to a full-time job after graduation. The catch? Their perks have created a race for membership, and the admissions process to join a club can be as cutthroat as the industry itself. You want to be part of the résumé book. This is the latest in a series of stories exploring careers in finance, how they are changing, and how these shifts are affecting young people. The clubs help Wall Street employers by creating a clear pipeline of job candidates, and firms have been known to cater to them as a result. While it's unclear exactly when these clubs became must-haves for a Wall Street job, the people who spoke with BI tended to agree that the situation reflected a race among employers to recruit talent earlier and earlier. A Wharton sophomore said he knew of high school students who'd started preparing to get into clubs as soon as they were accepted to college — before they'd even arrived on campus. "I remember my senior year, after I got into college, I was just messing around. I was just having fun," but that's not the case anymore, he said, adding: "You've gotten into these places and it's like, all right, now work on building a DCF" — a valuation method. "It's outrageous." To be sure, the club scene has long been exclusive. From the "eating clubs" at Princeton to the average sorority, organizations will choose members based on social interactions, pedigree, and background. What makes the financial and business clubs different is that they are less about making friends or exploring new interests and more about your résumé. This has led to a degree of meritocracy, with the clubs requiring wannabe members to prove they have enough know-how and genuine interest to join. Club leaders from three schools told BI that their organizations accepted less than 10% of their freshman applicants, who numbered 150 to 300 in recent years. The interest makes sense. Members get exclusive exposure to the industry, including training and tips from upperclassmen who have already gone through Wall Street's rigorous internship application process. Some clubs give their members real money to manage — whether a percentage of the university's endowment or capital from members and alumni. It's hypercompetitive, it's overwhelming, and you have to be pushing constantly. Firm recruiters often interact with student clubs, granting members special access to meetings and events. A club might, for example, invite employees of a bank (often school alumni) to give a presentation on their summer analyst program, followed by one-on-one "coffee chats" with members. One student club leader said he landed an investment banking internship because members of his club were invited to visit the firm's headquarters. The club leader is one of many students who asked to remain anonymous to protect their future careers. "I have so many opportunities to network internally and have specific résumé drop links that these recruiters give to the club specifically, that are only open to members," he told BI about his campus club experience. "You want to be part of the résumé book." The hedge fund Balyasny went to campus clubs to find candidates for its recent stock pitch competitions, which it uses to identify talent. A private equity worker, meanwhile, said the "No. 1 thing" she looked for when she was a recruiting captain of an investment bank was whether students from her alma mater had been members of "the two most prestigious investment clubs on campus." Some students have balked at the rule, saying it puts them behind in recruiting for Wall Street internships, which students must apply for halfway through their sophomore year. "Kids are just so much less prepared," one student told the Georgetown Voice of the impact the rule was having on students interested in working on Wall Street. The student publication reported that the rule wasn't making the admissions process any less competitive and was just delaying the flood of applications. While the pressure these young people face may feel exaggerated, there are plenty of signs that the stakes are all too real. Wall Street firms like Goldman Sachs have disclosed record levels of applicants to their internship programs. And Wall Street's earlier-than-ever recruiting schedule compelled Steve Sibley, a professor at Indiana University's Kelley School of Business, to move an introductory corporate finance class he runs from the fall of students' sophomore year to the spring of their freshman year. "We realized we weren't offering classes early enough for these students," he said. The end result has been a club culture that often mimics the industry itself, including a cutthroat selection process. Some clubs conduct three to five rounds of interviews, students told BI, which can involve a résumé review (yes, your high school résumé), a social assessment, and multiple technical rounds in which you'll be grilled on real-world finance questions. The club leader described a freshman applicant who froze and started crying after flubbing a question. It was hard to watch, and, needless to say, the student didn't make it to the next round. "Of course it sucks when you have to reject people," the club leader said. "But at the end of the day, we have X amount of applicants and a limited number of spots. And that is literally just how the industry is set up as well. It's hypercompetitive, it's overwhelming, and you have to be pushing constantly." Most of the students BI spoke with echoed that low acceptance rates were extreme and sometimes ridiculous. They also said it's this way for a reason, including the difficulty of managing and teaching hundreds of other students. "We only have so much bandwidth as people running the club," a Wharton junior said. "The impact is lower if you're dealing with 300." Also, for better or worse, being a sought-after club brings a level of prestige and bragging rights for those who manage to get in. "You want to be in the club where so many people want to get in," the club leader said. As a freshman at Georgetown University in the fall of 2022, Jonathan Rothschild refused to apply to finance clubs his first semester, he said, once he learned about the rigorous interview processes and acceptance rates of under 10%. "I was like, look, I just got here. I don't even know if I want to be in this club, let alone if I want to do five rounds of interviews for it," he told BI. "I don't think that's how we should be treating people freshman year." That choice led him to Georgetown Collegiate Investors during his second semester, a student-owned investment fund that lets any student participate in its training program and later become a "junior analyst" on the team if they pass a basic knowledge test. The fund has more than $150,000 in assets under management, money raised from current and former student members. Rothschild, now a junior and co-CEO of GCI, argues that the selective of these clubs favors people who have been exposed to finance early in life. "If you're only accepting 5% of the people, you're getting the people who already know what they're doing," he said, adding: "I'm not saying take everyone, but you could take 25% of people at Georgetown and be fine." The very students who lack the background or knowledge to get into these clubs are the ones who stand to benefit most, he said. "That's always been our selling point: We'll train you, we'll get you ready, you don't need prior knowledge, we will teach you."

Columbia suspends over 65 students following pro-Palestinian protest in library
Columbia suspends over 65 students following pro-Palestinian protest in library

Economic Times

time11-05-2025

  • Politics
  • Economic Times

Columbia suspends over 65 students following pro-Palestinian protest in library

Synopsis Columbia University has suspended over 65 students and barred 33 others, including alumni, following a pro-Palestinian demonstration inside Butler Library. The protesters, who hung Palestinian flags and scrawled phrases like "Columbia will burn," were arrested and face trespassing charges. The university denounced the disruption, while some face visa reviews and potential deportation.

Students Studying at Columbia Library Were Suspended for Protest They Took No Part In
Students Studying at Columbia Library Were Suspended for Protest They Took No Part In

The Intercept

time11-05-2025

  • Politics
  • The Intercept

Students Studying at Columbia Library Were Suspended for Protest They Took No Part In

A day after Columbia University called in the New York Police Department to arrest more than 70 pro-Palestine protesters who had occupied a library reading room, the university and its affiliate Barnard College suspended several students who had been present in the library. The suspended students included students who happened to be studying in Butler Library at the time the occupation began, as well as journalists. The suspensions came amid final exams at the university. Some of the students who were not protesting have had their suspensions rescinded. Barnard College informed suspended students that they would have to vacate their college housing within 48 hours and that their meal cards would be voided. The housing deadline was set to pass on Saturday but Barnard said in a statement that no one had been thrown out yet. The Intercept spoke to several people who were put under interim suspensions, including a Barnard student who said that she and another student were suspended and given eviction notices before they had the chance to prove to the college that they had not been involved in the protest. 'Hasty punishments and violations of due process are exactly what we would expect.' The stark and immediate punishments were meted out before the students were given a chance to respond, in what faculty members call a clear violation of due process related to the sensitivities over protests against the university's ties to Israel amid its war on Gaza. 'Hasty punishments and violations of due process are exactly what we would expect when we allow our disciplinary and public safety policies to be dictated by political forces that value repression more than our community's well-being,' Joseph Howley, associate professor of classics at Columbia University, told The Intercept. ​Yannik Thiem, a professor of religion at Columbia who taught some of the suspended students, told The Intercept, 'The blanket move to interim suspend, without a process to establish that the students actually violated the rules in a way that warrants this kind of punishment, and to evict them, seem to be punitive measures that indicate that the students are presumed guilty until proven innocent.' At least six students from Columbia and Barnard — including four journalists and, according to a student and faculty members, two who were merely studying at Butler Library — have had their suspensions and eviction notices lifted since the punishments were handed down Thursday. Read our complete coverage Asked about its suspensions, punishments, and allegations that due process was falling by the wayside, a spokesperson for Barnard said, 'Barnard respects and supports a robust student press. As students present in Butler Library during the disruption have been confirmed to be working as journalists, we have notified them that their interim suspensions have been lifted. As our review continues, we will issue additional notifications as necessary.' 'Initial interim suspensions were based solely on the time students exited Butler Library,' the spokesperson said. 'Students who were able to demonstrate that they were not participants, despite remaining in the library after being directed to leave, have had their suspensions promptly lifted. No student has been required to leave campus housing as a result of an interim suspension.' Among the students who had their suspensions reversed was Samra Moosa, a 20-year-old Barnard College student. Moosa spent the morning of May 7 working on her assignments in Butler Library's reading room. Around 3:15 p.m., just after Moosa had returned from a lunch break, around 100 protesters began a pro-Palestine protest in the library. Shortly after, Columbia-employed campus security officers arrived. Moosa tried to leave when the protesters came in, but said the main exits were blocked by both protesters and campus security. 'The environment quickly became very intense and intimidating,' Moosa said. 'We clearly witnessed Public Safety pushing and being very aggressive towards student protesters and obviously, in my mind, there's no way I'm leaving through the front doors with Public Safety literally pushing at anyone.' Moosa said she was also worried that, as a brown woman, Columbia's Public Safety might assume she was a protester. Some students, Moosa said, kept studying around the reading room as the protest continued. Others attempted to leave through the exits but were required to show their IDs first. 'I complied because I literally was a student just studying.' Shortly after 4 p.m., as the protest continued, Moosa attempted to leave through a side exit of the reading room. Along with other students trying to leave, she was told by a security officer that she would have to show her ID in order to leave. 'So I complied because I literally was a student just studying and I showed her my ID,' Samra said. On her way out, Moosa said, the Public Safety officer snapped a photo of her ID. Moosa said she left the library of her own accord, never receiving any order, verbal or written, to evacuate the library while she was in the building. At 6:02 p.m., about two hours after leaving the library, a university-wide email alert came from Columbia Public Safety: 'Alert: Butler Library is closed and the area must be cleared.' On May 8, the day after the protest, Moosa received an email from Barnard Dean Leslie Grinage that she had been suspended 'effective immediately.' The decision, said the email, which was reviewed by The Intercept, stemmed from 'information received from Columbia University Public Safety' that Moosa was 'involved in a disruption' at the library the day before. Within 48 hours, Moosa would have to evacuate her on-campus housing. 'We understand that losing access to the residence hall you are assigned to,' the email continued, 'is inconvenient and may pose a hardship.' Barnard added that if complying with the 48-hour deadline 'presents a hardship,' they might provide 'additional flexibility and support in leaving the residence hall.' A well-placed source with knowledge of the mediation proceedings between the university and those present inside Butler Library told The Intercept that the working assumption that day was that the students who presented their IDs and identified themselves while leaving the library would get due process if disciplinary proceedings were initiated. The source requested anonymity over concerns of retaliation. The suspension, according to Grinage's email, was instituted because of alleged violations of Barnard's Student Code of Conduct, which governs typical disciplinary proceedings. The email went on, however, to suggest that the punishments were separate from the normal processes. 'This interim suspension does not replace the Barnard Student Code of Conduct process, which will begin as soon as possible,' it said. 'The College has not yet made a determination about your responsibility for any alleged violations of the Code at this time or the resulting sanctions if you are found responsible.' Moosa, who is Muslim, replied to Grinage in short order, requesting that her suspension be lifted. 'I am deeply concerned that I have been mistakenly and unfairly identified as a protest participant,' she wrote. 'I believe this may be due to assumptions based on my appearance, ethnic background, and religion. To be clear, I did not participate in the protest, nor did I engage in any disruption.' She added that, on the contrary, she had 'acted responsibly' to remove herself from the situation 'as soon as it was safe to do so.' Moosa met on Friday afternoon with Grinage, less than 24 hours after she'd received the initial suspension notice — and just 24 hours before her scheduled eviction. 'It's as if she has no evidence, she has nothing on me, but they're actively trying to find something.' At the meeting, Moosa said, she read to Grinage from a prepared statement: 'This accusation has caused me significant emotional distress and disrupted my ability to complete my final assignments. As a Muslim woman, I feel that Barnard has repeatedly failed to create a safe and supportive environment for students like myself. It is unacceptable for the College to claim inclusivity while subjecting students of color to racial profiling and false accusations.' By the time evening fell, Moosa had still not received a judgment on her case. She had begun packing up her dorm room. At 9:32 p.m., Moosa received an email from Grinage that her suspension had been withdrawn. Moosa, however, was not in the clear: 'Barnard reserves the right to reimpose interim sanctions and/or initiate charges regarding this matter at any point in the future,' wrote Grinage. For Moosa, the email read like a threat. 'It's as if she has no evidence, she has nothing on me,' Moosa said, 'but they're actively trying to find something to pin me to the protests.' The Butler Library protest and sweeping responses came amid an all-out assault against universities — particularly Columbia, which has been flashpoints of campus protests against Israel's war on Gaza — by the Trump administration. Decrying virtually any pro-Palestine position as anti-Jewish animus, the administration formed a Joint Task Force to Combat Anti-Semitism to lead its crackdown. Among other controversial measures — such as demands on its Middle East studies department that faculty members said flew in the face of academic independence — the administration withdrew hundreds of millions in funding from Columbia. On the same day that Columbia and Barnard announced the suspensions, including those targeting non-protesters and student journalists, the Trump administration's task force heaped praise on the university administration and Claire Shipman, its new acting president, for their response to the protest. The task force said it was 'encouraged by Acting President Shipman's strong and resolute statement regarding the unlawful, violent and disgraceful takeover of Butler library' and that she had 'met the moment with fortitude and conviction.' The task force added that it was 'confident that Columbia will take the appropriate disciplinary actions for those involved in this act.' Howley, the Columbia professor, linked the school's heavy-handed response to the protests to the threats over its funding. 'It turns out a university might not be able to uphold its own values when authoritarians hold a billion-dollar gun to its head,' he said. 'It turns out a university might not be able to uphold its own values when authoritarians hold a billion-dollar gun to its head.' In a video released Wednesday evening, Shipman said she had 'confidence the disciplinary proceedings will reflect the severity of the actions.' The Columbia chapter of the American Association of University Professors said in a statement on Thursday that there is a 'countervailing and urgent need' to 'ensure due process for all parties.' Barnard 'treats students guilty before they have a chance to prove themselves innocent,' a professor at Barnard who asked to not be named due to concerns over retaliation told The Intercept. 'It is the most cynical interpretation of due process under their own 'more likely than not' standard that they insist is educational and not punitive.' The hasty suspensions and evictions, with lapses in due process, are not new to Barnard. Following the Gaza Solidarity Encampment at Columbia last April, Barnard suspended at least 53 students and evicted them from their dorms, barred them from campus, and revoked their access to campus dining. Some suspended students were given a mere 15 minutes to pack up and leave their housing. Their suspension notices had said that a campus security official 'will escort you to your room, and you will have 15 minutes to gather what you might need.' Such precedents at Columbia and Barnard have left students especially uneasy. Moosa said that, given the manner in which Barnard acted, she feels that the college is still holding the threat of suspension over her head. 'I don't feel relieved,' she said of having her suspension revoked. 'I haven't done anything to prove to this college that I am a danger to this campus.'

Columbia Suspends over 65 Students Following Pro-Palestinian Protest in Library
Columbia Suspends over 65 Students Following Pro-Palestinian Protest in Library

Asharq Al-Awsat

time10-05-2025

  • Politics
  • Asharq Al-Awsat

Columbia Suspends over 65 Students Following Pro-Palestinian Protest in Library

Columbia University has suspended dozens of students and barred alums and others who participated in a pro-Palestinian demonstration inside the school's main library earlier this week, a school spokesperson said Friday. The Ivy League institution in Manhattan placed more than 65 students on interim suspension and barred 33 others, including those from affiliated institutions such as Barnard College, from setting foot on campus. Interim suspension generally means that a student cannot come to campus, attend classes or participate in other university activities, according to Columbia's website. The university declined to say how long the disciplinary measures would be in place, saying only that the decisions are pending further investigation. An undisclosed number of alums who also participated in the protest are also now prevented from entering school grounds, according to Columbia. Roughly 80 people were arrested in connection with the Wednesday evening demonstration at the university's Butler Library. Most face trespassing charges, though some may also face disorderly conduct, police have said. The mask-clad protesters pushed their way past campus security officers, raced into the building and hung Palestinian flags and other banners on bookshelves. Some protesters also scrawled phrases on library furniture and picture frames, including 'Columbia will burn.' New York City police in helmets and other protection broke up the demonstration at the request of university officials, who denounced the protests as an 'outrageous' disruption for students studying and preparing for final exams. US Secretary of State Marco Rubio has said his office will be reviewing the visa status of those who participated in the library takeover for possible deportation. The Trump administration has already pulled federal funding and detained international students at Columbia and other prestigious American universities over their handling of student protests against the war in Gaza.

Columbia University's brutal move against anti-Israel protesters as school desperately tries to curry favor with Trump
Columbia University's brutal move against anti-Israel protesters as school desperately tries to curry favor with Trump

Daily Mail​

time10-05-2025

  • Politics
  • Daily Mail​

Columbia University's brutal move against anti-Israel protesters as school desperately tries to curry favor with Trump

Columbia University has suspended dozens of students and barred alums and others who participated in anti-Israel protests inside the school´s main library earlier this week. Shocking videos posted online Wednesday evening showed dozens of people wearing keffiyehs and masks banging drums in a sprawling room at the Butler Library and hanging signs. They repeated anti-Israel slogans for nearly an hour and renamed the library 'Basel al-Araj Popular University' after a Palestinian militant whom Israel has accused of planning a large scale attack, according to the New York Times. But when the raucous demonstrators tried to leave the library, they were blocked by security guards at the Ivy League university unless they showed a proper school identification - leading to an hours-long standoff. Now, the Ivy League institution in Manhattan placed more than 65 students on interim suspension and barred 33 others, including those from affiliated institutions such as Barnard College, from setting foot on campus, in what is seen as an attempt to gain favor with Donald Trump. Interim suspension generally means that a student cannot come to campus, attend classes or participate in other university activities, according to Columbia's website. The university declined to say how long the disciplinary measures would be in place, saying only that the decisions are pending further investigation. An undisclosed number of alums who also participated in the protest are also now prevented from entering school grounds, according to Columbia. Now, the Ivy League institution in Manhattan placed more than 65 students on interim suspension and barred 33 others, including those from affiliated institutions such as Barnard College, from setting foot on campus, in what is seen as an attempt to gain favor with Donald Trump Roughly 80 people were arrested in connection with the Wednesday evening demonstration at the university's Butler Library. Most face trespassing charges, though some may also face disorderly conduct, police have said. The mask-clad protesters pushed their way past campus security officers, raced into the building and hung Palestinian flags and other banners on bookshelves. Some protesters also scrawled phrases on library furniture and picture frames, including 'Columbia will burn.' In one of the videos from the scene, guards could be seen telling the protesters they will be arrested for trespassing if they did not produce their school ID cards. The blockage soon led an angry mob to try to push through the shuttered doors of the library, chanting 'Let us out, let us out, let us out' while their counterparts on the outside chanted 'Let them out.' The group then continued to push and shove at the security guards, leaving one woman visibly injured on the ground. In the end, nearly 70 demonstrators were taken into custody for trespassing, and at least one protester and two security guards were injured in the assault - which came as university officials try to appease the Trump administration to regain some of its federal funding. New York City police in helmets and other protection broke up the demonstration at the request of university officials, who denounced the protests as an 'outrageous' disruption for students studying and preparing for final exams. U.S. Secretary of State Marco Rubio has said his office will be reviewing the visa status of those who participated in the library takeover for possible deportation. The chaotic scene began at around 3pm when the protesters first entered Butler Library, pushing past a library security guard carrying tote bags and backpacks before heading up the stairs to the main reading room. Columbia University Apartheid Divest - which is taking credit for the demonstration - claimed at the time that more than 100 people stormed the library. 'The flood shows that as long as Columbia funds and profits from imperialist violence, the people will continue to disrupt Columbia's profits and legitimacy,' it said in a statement. 'Repression breeds resistance - if Columbia escalates repression, the people will continue to escalate disruption on this campus,' the group warned. It said it was demanding 'full financial divestment from Zionist occupation, apartheid and genocide; an academic boycott of all compliant institutions, including the cancelation of the Tel Aviv Global Center; cops and ICE off our campus' and an end to 'Columbia's occupation of Harlem.' The group also demanded 'amnesty for all students, staff, faculty and workers targeted by Columbia University's discipline.' The scene prompted public security officials at the school to evacuate students who were not involved in the disruption from the library, the Times reports. Meanwhile, guards told the demonstrators that they would not be allowed out if they did not produce their school ID. Eventually at around 5.20pm, a group of about seven people were allowed to leave the building - while the remainder presumably refused to show their IDs. A few minutes later, one protester was seen being brought out in handcuffs by the university's public safety department - which now employs several dozen peace officers who have the authority to make arrests. In an apparent attempt to be let out of the library, the fire alarm began sounding at around 5.30pm, before going silent a few minutes later. The situation then turned more chaotic, leaving one protester injured and escaping through the back entrance of the library in a stretcher. Soon after, demonstrators in support of the protesters inside the building also began assembling outside - chanting 'no cops, no KKK, no fascist USA' as they too tried to overpower the security guards blocking their way. By around 7pm, Columbia University's Acting President Claire Shipman announced she had called police to the scene. 'The individuals who disrupted activities in Butler Reading Room 301 still refuse to identify themselves and leave the building,' she said. 'Due to the number of individuals participating in the disruption inside and outside the building, a large group of people attempting to force their way into Butler Library creating a safety hazard and what we believe to be the significant presence of individuals not affiliated with the university, Columbia has taken the necessary step of requesting the presence of the NYPD to assist in securing the building and the safety of our community. 'Requesting the presence of the NYPD is not the outcome we wanted, but it was absolutely necessary to secure the safety of our community,' Shipman added. She concluded by saying the university 'strongly condemns violence on our campus, antisemitism and all forms of hate and discrimination, some of which we witnessed today. 'We are resolute that calls for violence or harm have no place at our university.' Officers were soon captured on cell phone video entering the library - which caused a shriek from inside. Within half an hour of Shipman's announcement, demonstrators were seen being escorted out of the building, their hands restrained behind them with zip ties. Police have since confirmed they responded to a 'trespassing scene' at the Ivy League university and charges against the protesters were pending. But the chaotic scene had already attracted the attention of elected officials, with Mayor Eric Adams taking to X to condemn the demonstration. 'As I've said repeatedly, New York City will always defend the right to peaceful protest, but we will never tolerate lawlessness,' he said. 'To our Jewish New Yorkers, especially the students at Columbia who feel threatened or unsafe attending class because of these events: know that your mayor stands with you and will always work to keep you safe.' New York Gov. Kathy Hochul also said she was briefed on the situation and was grateful for the public safety officials who kept students safe, according to ABC 7. 'Everyone has the right to peacefully protest. But violence, vandalism or destruction of property are completely unacceptable.' Rep. Elise Stefanik went even further, writing: 'While Columbia students try to study for finals, they're being bombarded with chants for a "global intifada." 'Not a single taxpayer dollar should go to a university that allows chaos, antisemitism and civil rights violations on its campus,' she said, agreeing with President Trump's decision to revoke more than $400 million in federal funding from the Ivy League school for its prior 'mishandling' of protests against Israel. In a letter on Tuesday, school officials said the funding cut resulted in 180 staff members being laid off. 'Columbia's leadership continues discussions with the federal government in support of resuming activity on these research awards and additional other awards that have remained active, but unpaid,' the letter said. 'We are working on planning for every eventuality, but the strain in the meantime, financially and on our research mission, is intense.' It now remains unclear whether Wednesday's chaos will lead the Trump administration to further revoke the school's funding. But officials with Immigration and Customs Enforcement told Fox News they were monitoring the situation - and will fingerprint everyone who was arrested to determine if they are noncitizens. Those who are may then face deportation. 'Time to make a point,' an ICE official said. The State Department also warned foreign students about the consequences of breaking the law. 'Foreign university students in America have been put on notice: If you break the law or support terrorism in our country, we will revoke your visa,' it said.

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