But the President was clearly confused this afternoon. Harvard is not drawing from the provision of the $2.2 trillion stimulus bill intended to help small businesses. Instead its money is coming from the $12.5 billion earmarked for institutions of higher education.
That money is being distributed according to a formula that has nothing to do with a school’s financial health or endowment. It is based on enrollment and it favors schools with large numbers of students who receive Pell grants that help students from low- and moderate-income families. Sixteen percent of Harvard’s 24,000 students receive the grants. Harvard is slated to receive $9 million.
Harvard has been under fire for taking federal funds when it has the largest endowment of any school in the U.S. Last year the endowment was worth $41 billion. Yesterday Harvard announced that it would give the entire $9 million to students who have experienced financial hardship because of the pandemic.
In a statement following the Trump briefing, Harvard spokesman Jason Newton said, “Harvard did not apply for, nor has it received any funds through the U.S. Small Business Administration’s Paycheck Protection Program for small businesses. . . . President Trump is right that it would not have been appropriate for our institution to receive funds that were designated for struggling small businesses.
Stanford turned it down too
The money was for students who need housing/food assistance. The guidelines from the federal govt said the money should be 50% for students and 50% for administrative costs. Harvard gave 100% to students.
Harvard and others sit on billions and suck up government funds. LOWER COST OF EDUCATION! What happened to this country? An uneducated populus creates a bleak future for our beloved United States of America.
The 'inside' story is how did it get the $9 mill in the first place?
😳
What about all this money? Should it be returned too?
So why did they get the money in the first place.
HERE IS THE WHOLE LIST OF SCHOOLS! 85 pages! 😅
I feel myself so fool when i read/hear him. Would you tell me i'm crazy or not? tramp corona
All things in separate most important near lovely president not important news good health first off all not important wait here bestregards
Harvard and Corporate America. These monies are for Joe and Jane Doe.
You think you would be able to STOP payment on that check 🤦♂️💯💯🙌❗️who sent them that cash? Who applied for it? POTUS
WHY not-they have over 40 BILLION sitting in the bank and you know it and now other people know it
If his hotels are also slated, will he refuse or return it?
What about the public companies that took the stimulus? Crickets 🦗
yea because Harvard students are so poor haha
What does Harvard do again? What do they make? Is there a golf course there?
Harvard = Democratic Party
Excellent thread in this by caroljsroth Also see this
What, the giant hedge fund a/k/a Harvard, pled poverty?
I guess they said no to Barron being guaranteed a spot in a few years.
😄😅😀😆😆
Harvard said they ain't returning it, lol.
with interest?
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