(CNN) — Northwestern University President Michael Schill announced his resignation Thursday as the university faces an ongoing funding freeze by the Trump administration.

“As I reflect on the progress we have made and what lies ahead, I believe now is the right time for new leadership to guide Northwestern into its next chapter,” Schill said in a message to the campus community.

“Therefore, I have decided, in consultation with the leadership of the Board of Trustees, that I will step down as President.”

An interim president has yet to be named and Schill will continue in his role until then, the university said in a news release .

In his message, Schill wrote the university faced “serious and often painful challenges” since his tenure began in September 2022, and “difficult probl

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