Why is Harvard getting a single penny of this relief aid?
The Harvard Crimson reports:
Harvard Nets Nearly $9 Million in Coronavirus Aid from Federal CARES ActHarvard 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.The Department of Education is requiring universities to sign a certification agreeing to the conditions of use before they can access the funding, but each school may allocate the financial aid funds at their own discretion.
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