Stanford, Columbia Risk Getting Hit by Trump’s $100,000 H-1B Fee

President Donald Trump’s $100,000 fee for H-1B visas was a warning shot to Corporate America to toe the line on immigration. It also deals another financial blow to universities already battered by the administration’s crusade against top colleges.

The White House’s attempt to overhaul the H-1B visa system has sowed chaos in tech and finance, with Microsoft Corp., Amazon.com Inc. and Citigroup Inc. among the biggest users of the program. But colleges across the US, from the Ivy League to state universities and dozens of medical schools, apply for thousands of visas annually to hire researchers and academic staff.

Stanford, ...