Here are the colleges rejecting Trump's funding compact

[MichMan]

1. Good for them

There is a precedent with Hillsdale College from the late 70's. Hillsdale was told they were required to submit Title IX compliance forms. Hillsdale stated that since they were private and did not receive any direct Federal funding they were exempt. The government then told them that their students would be prohibited from receiving any federally backed loans or grants as that was defined as indirect funding.

The case went to the SC, and while Hillsdale's position on being exempt was upheld, the court did rule that the government did have the power to deny any government funds going to students for not submitting the data. Hillsdale told them that in that case they would fund them all themselves and have continued to do so up to the present.

That means, according to the SC precedent, that the Trump administration could try and cut off all student loans and grants to students of the affected colleges that don't sign the compact.