Harvard University said on Wednesday it will not take the $8.6 million stimulus allocation offered to them as part of the massive $2.2 trillion CARES Act, approved by U.S congress to ease the financial burden of many of America’s businesses in the wave of the coronavirus pandemic.
In a statement, the school said;
“We are also concerned, however, that the intense focus by politicians and others on Harvard in connection with this program may undermine participation in a relief effort that Congress created and the president signed into law for the purpose of helping students and institutions whose financial challenges in the coming months may be most severe.”
“As a result of this, and the evolving guidance being issued around use of the Higher Education Emergency Relief Fund, Harvard has decided not to seek or accept the funds allocated to it by statute,” the statement said.
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