joe table wrote:No
jerseyhoya wrote:It's overblown, and a different part of the bill.
The Savior wrote:jerseyhoya wrote:It's overblown, and a different part of the bill.
Disagree. I would agree with this logic if the payment was processed automatically like it has for individuals but someone at that institution made the decision and took the time to apply. That’s disappointing.
Now I get that the money is for students but again they can afford that on their own dime.
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
Uncle Milty wrote:The Savior wrote:jerseyhoya wrote:It's overblown, and a different part of the bill.
Disagree. I would agree with this logic if the payment was processed automatically like it has for individuals but someone at that institution made the decision and took the time to apply. That’s disappointing.
Now I get that the money is for students but again they can afford that on their own dime.
I think JH's point is that this wasn't the small business money but a separate section called Higher Education Emergency Relief Fund.
The funds allocated to Harvard stem from a $14 billion allocation to the Department of Education through the Higher Education Emergency Relief Fund. The funds for small businesses were allocated by the Small Business Administration through the Paycheck Protection Program, which had a separate $349 billion allocation.
University spokesperson Jonathan L. Swain wrote in an emailed statement that Harvard has not applied for or received funds through the Paycheck Protection Program, which he said would have been inappropriate.
“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. Reports saying otherwise are inaccurate. President Trump is right that it would not have been appropriate for our institution to receive funds that were designated for struggling small businesses,” Swain wrote.
Swain reiterated that 100 percent of the CARES ACT funds will go to student financial assistance.