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Harvard, with a $40 Billion endowment, will receive $8.7 million in federal aid for coronavirus relief

Published: April 19, 2020
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Harvard University will receive nearly $9 million in aid from the federal government through the Coronavirus Aid, Relief, and Economic Security Act, the Department of Education announced last week. https://t.co/CuTqv5SUzA— The Harvard Crimson (@thecrimson) April 15, 2020

The money is part of the $14 billion allocated to colleges and universities in the CARES Act, the $2 trillion stimulus bill passed by Congress to help struggling Americans across the nation impacted by the new coronavirus pandemic. The aid set to be given to Harvard hinges on half of the money being held in reserve "for emergency financial aid grants to students," according to the Harvard Crimson article.

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