Harvard University has given back millions of dollars the university received from the stimulus package. The move comes after President Trump told them to “pay it back.”
According to The Daily Wire:
Harvard University has rescinded the $9 million it received from the CARES Act Higher Education Emergency Relief Fund. The move comes just one day after President Trump told the school to “pay it back.”
“The prestigious university had received nearly $9 million in federal funds through one of the government’s relief programs doled out through the Department of Education, but the allocation drew backlash from Trump,” reports Fox News. “Harvard has denied ever applying for or receiving any funds through (Paycheck Protection Program) PPP, and has clarified that the type of funding it received was given to most other U.S. colleges and universities, to be used for direct financial assistance to students and to cover costs incurred by the schools due to the coronavirus.”
On Tuesday, President Trump accused Harvard of receiving money from the Paycheck Protection Program (PPP) and ordered the school to pay it back.
“Harvard is going to pay back the money. They shouldn’t be taking it,” Trump said Tuesday. “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.”
Harvard claimed that it was allocated the funds and never took them, but it remains unclear if they would have taken the money if Trump hadn’t spoken up.