Time for a fact check: Did Trump incorrectly claim Harvard 'took' coronavirus money intended for small businesses?
, the stimulus Trump signed into law in March. That provision provides money to universities and colleges on a formula, based in part on what share of its students are eligible for federal financial aid through the Pell Grant program.. That wasn't money the school applied for but rather was the amount available under the formula.
The law, which did not distinguish between schools with large or small endowments, requires schools to use half of the money for emergency aid grants to students who may be struggling because of the virus and allows them to use the other half for institutional costs to pay for changes to the delivery of instruction. Harvard had previously announced it would use 100% of its funding for students.
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