The Ivy League colleges received $168 million in coronavirus “bailout” money from Congress despite having over $140 billion in their endowments.
The recently-passed $1.9 trillion coronavirus aid bill included (in section 2003) about $39.6 billion for higher education institutions. There was $36 billion for nearly 3,500 public and private, nonprofit colleges and universities; approximately $395.8 million for about 1,630 for-profit institutions; and nearly $3 billion reserved for Historically Black Colleges and Universities, Tribal Colleges and Universities, Hispanic-Serving Institutions, and other minority serving institutions, according to the American Council on Education (ACE).
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