Breaking news update, published at 8:04 p.m. ET] The Trump administration announced Monday that it would freeze $2.2 billion in multi-year grants and $60 million in multi-year contract value at Harvard University after the school said it would not follow policy demands from the administration.

A letter sent to Harvard on Friday by the Trump administration demanded that the university make a series of policy changes in order to continue to receive federal funding.

The U.S. Department of Education said on Monday it was freezing about $2.3 billion in federal funds to Harvard University over the school's decision to fight White House demands, including that it shut down diversity,