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This is something to watch. Elite higher ed is going to be scraping back a lot more than this to fund their own version of slow-motion golden parachuteshttps://twitter.com/thecrimson/status/1250491617137569792 …
The Ivies, other status-y privates + public universities have many mouths they've promised to keep fattened and they will always be led to the trough before you are. Enrollments are going to plummet, but the lean will get trimmed long before the fat does.https://twitter.com/rivatez/status/1240349438779854850?s=20 …
"the government has mandated that at least half — $4,327,874 — be reserved for emergency financial aid grants to students" HALF of the money is going directly to students who need aid, not for their 'golden parachutes'
These schools basically got a bailout with no strings attached. They can spend the money on anything "covid-19 caused" at their discretion. And there is no transparency on how they spend the money, just like the 2009 bank bailouts.
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