CARES Act

Georgetown U. Grants Raises After Accepting $6 Million in Taxpayer Funds

Georgetown University has announced that it is granting raises to all of its graduate student assistants just weeks after accepting $6.1 million in federal coronavirus relief. Other wealthy institutions, such as Harvard, Yale, and Princeton, rejected federal aid in April after facing pressure from President Donald Trump and the public.

Georgetown University

Columbia U. Has Not Rejected $12.8 Million in Federal Aid Despite $11 Billion Endowment

Columbia University has yet to announce whether it will accept $12.8 million in federal coronavirus relief that it is eligible for under the CARES Act despite its $11 billion endowment. Several other Ivy League institutions, including Harvard, Yale, and Princeton, have already announced that they will reject federal funding following pressure from President Donald Trump and the general public.

People walk past the Alma Mater statue on the Columbia University campus on July 1, 2013 in New York City. An interest rate hike kicks in today for student loans, an increase for 7 million students. Congress left town at the end of last week failing to prevent rates on …

Northwestern U. Rejects $8.5 Million in Federal Aid

Northwestern University announced this week that it will reject $8.5 million in federal coronavirus aid that it is eligible for under the CARES Act. In April, President Donald Trump joined the public in criticizing wealthy institutions like Harvard University, which boasts an endowment of $40 billion, for accepting federal coronavirus aid.

hundred dollar bills

GOP Rep. Rogers: Pelosi’s Select Coronavirus Committee ‘Going to Come Back to Bite’ Democrats

House Speaker Nancy Pelosi earlier this month established a so-called select committee with the stated purpose of conducting oversight over the Trump administration’s response to the coronavirus pandemic. In an interview with “The Jeff Poor Show” on Huntsville, AL radio’s WVNN on Wednesday, Rep. Mike Rogers (R-AL), the ranking Republican on the House Homeland Security Committee, said the committee was not necessary given the already-existing oversight elements of the CARES Act. 

Rep. Mike Rogers (R-AL) on C-SPAN, 6/21/2019

Cornell Will Accept $12.8 Million in Federal Aid Despite $7 Billion Endowment

Cornell University announced this week that it will accept $12.8 million in federal coronavirus relief despite mounting public pressure to reject the funds. Several Ivy League institutions, including Harvard and the University of Pennsylvania, announced last week that they would reject the federal funds after pressure from both President Donald Trump and the American public.

AP Photo/Jonathan Jay Fink

USC Accepts $20 Million in Federal Aid Despite $5 Billion Endowment

USC, which boasts an endowment of $5.5 billion, announced this week that it will accept $20 million in federal Chinese virus relief. Ivy League institutions including Harvard, Princeton, and the University of Pennsylvania announced this week that they will reject federal aid following pressure from President Donald Trump and the general public.

WASHINGTON, DC - MAY 20: Newly redesigned $100 notes lay in stacks at the Bureau of Engraving and Printing on May 20, 2013 in Washington, DC. The one hundred dollar bills will be released this fall and has new security features, such as a duplicating portrait of Benjamin Franklin and …

U. of Pennsylvania Rejects $10 Million in Chinese Virus Bailout Funds

The University of Pennsylvania announced on Thursday that they will reject nearly $10 million in federal coronavirus relief funds after a wave of public pressure on wealthy institutions to reject public assistance. The University of Pennsylvania currently boasts an endowment of $14.7 billion. UPenn joins Princeton, Yale, and Harvard in rejecting the federal funds, although Harvard first tried to keep the federal money.

Hundred dollar bills money pile.

Princeton Rejects $2.4 Million in Federal Bailout Funds

Princeton University announced on Wednesday that it will reject a $2.4 million federal bailout that it was set to receive under the CARES Act. Ivy League institutions, many of which boast multi-billion-dollar endowments, have been criticized by both President Donald Trump and the public for accepting millions in federal bailout funds.

Kah-Wai Lin/Flickr