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| Harvard Getting $9 Million in Coronavirus Aid, While Sitting on $40 Billion Endowment |
| 2020-04-19 |
| Cut all the Diversity and Race Cultural Commissars [LI] "the government has mandated that at least half — $4,327,874 — be reserved for emergency financial aid grants to students" Harvard University will receive nearly $9 million in aid from the federal government through the Coronavirus Aid, Relief, and Economic Security Act, the Department of Education announced last week. The CARES Act ‐ the largest economic stimulus package in American history ‐ was signed into law on March 27. It allocates nearly $14 billion to support higher education institutions during the ongoing coronavirus pandemic. Of the $8,655,748 Harvard is slated to receive, the government has mandated that at least half ‐ $4,327,874 ‐ be reserved for emergency financial aid grants to students. The Department of Education will distribute the first $6.28 billion to colleges and universities to cover expenses such as course materials, technology, food, and housing students have incurred "related to disruptions in their education due to the COVID-19 outbreak," according to a April 9 press release. |
| Posted by:Frank G |
| #3 We will enter the age where money is worthless and useless. Interesting times... |
| Posted by: M. Murcek 2020-04-19 14:23 |
| #2 Sure, why not? It figures. Hedge funds (the "experts" in money management) are asking for federal assistance, too. |
| Posted by: Clem 2020-04-19 14:20 |
| #1 Of course they are. They were advising the Wuhan lab after all. |
| Posted by: M. Murcek 2020-04-19 14:16 |