Trump's call to turn down the stimulus aid, stating it was "allocating 100% of the funds to financial assistance for students to meet their urgent needs in the face of this pandemic."
. "We have also taken steps to meet additional needs resulting from COVID-19, and will continue to look for opportunities to do so throughout this crisis."The $2 trillion Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, allocates nearly $14 billion to colleges and universities. The CARE Act didn't factor in the size of a school's endowment into its allotment, only its overall enrollment and the number of students receiving Pell Grants, which are federal subsidies that help those who can't afford college.
Pine Manor's endowment is currently about $27,000 per student, a fraction of Harvard's more than $2 million per student.
Good
Cause they got endowment funds and America knows they don’t really need it. They just being used like every other business; pursuit of greed
BUT they keep Krugman!!!
You know the banks commission on a 9M dollar SBA loan 3% Let that sink in any loan under 500k gets 5% so tell me what SBA lender will push you the top, any loan over 1M that’s a 30k commission. I’ve been in the lending industry over 21 years