Columbia University said on Wednesday it will pay over $200 million to the U.S. government in a settlement with President Donald Trump's administration to resolve federal probes and have most of its suspended federal funding restored, Reuters reported.

Trump has targeted several universities since returning to office in January over the pro-Palestinian student protest movement that roiled college campuses last year. He welcomed the agreement between his administration and Columbia in a post on social media late on Wednesday.

In March, the Trump administration said it was penalizing Columbia over how it handled last year's protests by canceling $400 million in federal funding. It contended that Columbia's response to alleged antisemitism and harassment of Jewish and Israeli members of the university community was insufficient.

"Under today's agreement, a vast majority of the federal grants which were terminated or paused in March 2025 - will be reinstated and Columbia's access to billions of dollars in current and future grants will be restored," the university said in a statement, according to Reuters.