Sen. Josh Hawley, R-Mo., announced a bill this week that would prohibit universities from receiving millions in coronavirus relief if they have an endowment larger than $10 billion, amid the controversy surrounding wealthy universities that were deemed eligible for the aid. Relief funds were intended for schools that need it, not wealthy universities that sit on huge endowments. It’s greed, plain and simple, and it’s wrong.”HARVARD NOTE ALONE: OTHER WEALTHY UNIVERSITIES ELIGIBLE FOR CORONAVIRUS RELIEF, SOME NOW BACKING AWAYSens. "Schools with large endowments should not apply for funds so more can be given to students who need support the most. But other universities with similarly large endowments were also eligible for the funds.

Source: Fox News May 01, 2020 13:07 UTC