Republican Lawmakers Unhappy Over Harvard’s Share of Federal Bailout Money

Republican Lawmakers Unhappy Over Harvard’s Share of Federal Bailout Money
The entrance to Harvard Yard at Harvard University in Cambridge, Massachusetts, on Aug. 30, 2018. Scott Eisen/Getty Images
Bill Pan
Bill Pan
Reporter
|Updated:

Several Senate and House Republicans have voiced their frustration after Harvard University was granted millions in federal emergency aid despite the elite school’s enormous wealth.

According to a list (pdf) released earlier this month by the U.S. Department of Education, Harvard is entitled to roughly $8.6 million in the first round of federal aid for America’s higher education institutions. At least half of those funds is mandated to be reserved for emergency cash grants to students.