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Harvard, Yale to Decline Federal Stimulus Money for Covid Costs

  • Colleges have faced lost revenue, higher costs due to pandemic
  • Congress set aside money to help schools deal with fallout

Some of the richest U.S. colleges are declining another round of stimulus money that would offset the financial impact of the Covid-19 pandemic on schools.

Harvard, Princeton, Yale, Amherst and Bowdoin are telling the U.S. Department of Education they will not accept a third round of aid allocated by Congress, according to officials at the schools.