Harvard, America's Richest University, Grabs Nearly $9 Million In Taxpayer CARES Aid

[Yo_Mama_Been_Loggin]

Harvard University, already supported by a massive $41 billion endowment, is getting nearly $9 million in taxpayer aid from the federal Coronavirus Aid, Relief and Economic Security Act, the U.S. Department of Education announced.

Under the terms of the payout from CARES’ Higher Education Emergency Relief Fund, at least half of the $8.7 million earmarked for Harvard must be reserved for emergency financial grants to students, according to the Harvard Crimson, which was the first to report the aid.

But at least some of that money — which could be used to cover tuition payments and course materials — would also end up in Harvard coffers. The funds would also likely be spent on extra technology, food and housing costs that students incurred amid “disruptions in their education” due to COVID-19, according to CARES provisions.

Though Education Secretary Betsy DeVos hailed the program in a statement earlier this month, a spokesperson later told Newsweek that DeVos “shares the concern that sending millions to schools with significant endowments is a poor use of taxpayer money.”

https://www.yahoo.com/huffpost/harvard-richest-9-million-cares-aid-033517131.html

[Faux pas]

1. I

call bullshit!

[TexasTowelie]

2. Most universities are already releasing money from emergency funds to assist students in need.

My own alma mater has asked alums to contribute. It seems ridiculous for a university of Harvard's stature to need federal assistance when they have such a large endowment and plenty of obscenely rich alumni that they can draw on for help.

[jimfields33]

3. What a crock! Bad enough they charge 70 thousand a year (at least)

to go there and now they want tax payer money. Still no word if they or other schools are refunding students for this semester. Hmmmm.

[crickets]

4. There's no excuse for greed like this. Shameful. nt

[GeorgeGist]

5. Harvard is Crap.

[safeinOhio]

6. Follow the money. Someone with a kid in the tRump admin. is looking

to get accepted.

[frazzled]

7. And yet they still haven't paid me

I've been waiting for nearly four months for payment as an independent contractor for work done for a faculty project.