After they said they wouldn’t!
Harvard has $40 Billion in endowments!….. Why should they even be given 1 thin dime of taxpayer money?
- After criticism from President Trump and others, Harvard University announced it will not accept $8.6 million in stimulus aid.
- Harvard, which has a $40.9 billion endowment, originally said that “100% of the funds” would go toward student financial aid.
- Payouts to colleges factor in enrollment size and the number of Pell Grants, but not the size of their endowments.
- Schools with smaller endowments, like Pine Manor College, may not survive the current economic crisis.
Harvard University announced Wednesday afternoon that it would not take $8.6 million the school qualified for from the $2 trillion coronavirus stimulus package Congress passed in March.
“Harvard has decided not to seek or accept the funds allocated to it by statute.”
Harvard
The aid has been a source of controversy, given Harvard’s $40.9 billion endowment. President Trump called on the 383-year-old Ivy League university to “pay the money back.”
“They shouldn’t be taking it……….”I’m not going to mention any other names, but when I saw Harvard — they have one of the largest endowments anywhere in the country, maybe in the world. They’re going to pay back the money.”
Donald Trump
Calamity Jane