Posted on 04/22/2020 8:38:59 AM PDT by LibWhacker
WASHINGTON, April 21 (Reuters) - Harvard University said it plans to keep an $8.6 million grant it received as part of a stimulus package to blunt the economic impact of the coronavirus lockdown, contradicting U.S. President Donald Trump who pledged the university would return it.
Speaking at a press briefing on Tuesday, Trump pointed to the institution's ample endowment - worth nearly $41 billion - as the reason why it should hand over the money.
"Harvard is going to pay back the money and they shouldn't be taking it," Trump said, adding that Harvard has one of the largest endowments "in the country, maybe in the world."
In a statement issued moments after the briefing ended, however, Harvard said it planned "to direct 100% of the funds to financial assistance to students, and will not be using any of the funds to cover institutional costs."
Trump said late on Tuesday that Harvard's endowment system should be looked at.
"Harvard should give back the money now. Their whole "endowment" system should be looked at", the U.S. president said in a tweet, which did not give further details
(Excerpt) Read more at news.trust.org ...
Having worked at two universities from 1969-2017 I know that they are leftist indoctrination centers. They produce unemployable types who become teachers of the useless subjects to other unemployable types, while voting Dem and contributing money to Dems all their lives. What a plan.
Old line from Wake Up America by Eric Bolling: Pay thousands of dollars a semester to have my daughter sit in a classroom where a beatnik professor sits on a stool and gives anti-American propaganda for hours? Not on my dime."
All the universities with these huge endowments should be made to pony up some of the costs of these student loans that they coned those students out of with some worthless degrees!!!
Why did colleges get any of that money at all?
Thanks very much for that list.
All that money, millions of dollars, going to anti-American places (mostly, a few exceptions to prove the rule) to preach against us.
Let them earn their worth by providing value. Oh, no, that’s too much to ask. Except for all private businesses.
Well, POTUS?
Takers gonna take.
Wow. California State University got over $100 mil? Who’s pocket are they in? Pelousy?
Since endowments tend to be conservatively invested Harvard should have a lot of interest bearing instruments plus large dividend paying companies in its portfolios
So even at a 1% return thats $400 million a year
Why are schools getting money meant for small businesses?
So Harvard will give all the money to Students as "financial assistance".
Financial assistance for what purpose?
"Why, to pay their school bills, dummy."
To whom do they pay these "school bills"?
"Why, Harvard University, of course."
So, if Harvard University "will not be using any of the funds to cover institutional costs", what will these funds be used for?
Crickets...
(Junkets to Tahiti, payments on the yacht, plump up their 401K accounts, since they DEFINITELY "will not be using any of the funds to cover institutional costs.")
Never get into a pissing contest with the most powerful man in the world.
Trump is surrounded and his administration is staffed with establishment hacks, nevertrumpers, and swampsters like Fauci and Birx
Hes not that powerful. They keep him in check
A “one time” 20% tax on college endoments to mitigate the effects of the pandemic foisted on the country by the intelligentsia.
Sounds fair. After all, they can always petition their CCP and Wahhabi masters to pay it for them.
THEY SHOULD RETURN IT FORTHWITH!
OK, PDJT lets see what those ways are !
Im afraid this is hot air, the money wont be returned
Count on the GOP to pass a bill that sends lots of our tax dollars to leftist universities that train kids to vote against the GOP
Heckuva a job, Mitch
Big Education is in the pocket of the Rats.
The other way around. It is the Rat politicians who are in Big Educations pocket.
The Rat politicians are the whores in this financial arrangement - turning tricks for any John with $$ and no scruples - in this case Harvard.
I BLAME HARVARD FOR TAKING IT!
Why? Congress passed a bill that let the universities pig out.
Jeepers. Actual data.
I think PDJT was set up. Incomplete context. Quick reaction. Baited. The ne plus ultra of the hated edu-liberal complex. Mention of Harvard elicits a predictable reaction. Boom.
Pig Headed Liberals.
The Rat politicians are the whores in this financial arrangement
Yes, mitch McConnells Republicans had nothing to do with this. The fact that they run the Senate is not relevant
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