The Trump administration is putting nine elite universities on notice, warning that their federal funding could be slashed unless they agree to a sweeping set of political demands. In return, the administration promises “multiple positive benefits,” including favorable treatment in funding competitions and priority in federal grants. The White House insists the compact is voluntary. Some, particularly public institutions that rely heavily on federal funding, may be tempted to negotiate. The message from the White House is clear: comply with Trump’s cultural and political agenda, or pay the price.