Why rich students get more financial aid than poor ones

From 2014 to 2017, non-need aid, or merit aid, among colleges grew 37%, compared with need-based aid, which grew 21%, according to a 2020 New America report that examines financial aid among 339 schools. These schools increased their non-need aid from $2.2 billion to nearly $3 billion over this time period.

Liverpool make U-turn on UK virus financial aid

“A range of possible scenarios were considered, including but not restricted to: applying to the Coronavirus Job Retention Scheme which pays 80% of salary and guaranteeing the 20% payment; applying to the Coronavirus Job Retention Scheme with a guarantee to reimburse monies received at a later date and, thirdly, finding an alternative means to cover […]

Colleges suffering huge financial blows from pandemic

It leaves some colleges wondering if they can meet demand for financial aid, which is expected to surge as millions of Americans lose their jobs. Many schools draw from their endowments to pay for scholarships, faculty jobs and campus operations, but those reserves have taken deep losses as markets tumble.

F1 team Mercedes to deliver 10,000 breathing aids to the NHS to help care for coronavirus patients

CPAP machines help to keep patients’ airways open and increase the amount of oxygen entering the lungs by pushing air and oxygen into the mouth and nose at a continuous rate. UK-based Formula One teams are also helping to produce thousands of ventilators desperately needed by the country’s National Health Service.

UPDATE 1-IMF sees coronavirus-induced global downturn ‘way worse’ than financial crisis

To that end, the IMF’s board in coming days would review a proposal to create a new short-term liquidity line to help provide funds to countries facing problems. Georgieva also urged central banks and particularly the U.S. Federal Reserve to continue offering swap lines to emerging economies. (Reporting by Andrea Shalal in Washington and Stephanie […]

Australia must help Pacific neighbours fight coronavirus, aid groups say

“I think there is a moral imperative that if we really want things to return to normal in Australia, we have to think about how we also make it return to normal within our region and more broadly as quickly as we can.”

UEFA explores financial rule changes due to pandemic impact

“If European clubs don’t pay Spanish clubs the Spanish clubs may not be able to pay other European clubs,” Tebas said. “That is why it’s important for the Financial Fair Play regulations to continue as they are and there is no one who wants to make the most of the circumstances and not pay. It […]

How scrapping Tokyo Olympics over coronavirus fears would be felt around the world from billions ‘wasted’ on venues to financial woe for athletes, insurers, sponsors and TV networks

Christopher Chase, an attorney based in New York who specializes in sports, intellectual property and media, said sponsors and broadcasters were unlikely to sue for breach of contracts if the games are not held, or the conditions were changed.

Coronavirus: Mercedes make breathing aid design freely available

F1’s world champions making breathing aidsProject Pitlane explainedMercedes say their entire High Performance Powertrains base in Brixworth has been repurposed to meet the demand, with 40 machines normally used to produce F1 pistons and turbochargers being utilised for the CPAP development effort.

Notre Dame athletic director opposes possibility of college football games played with no fans

One very important question through all of this centers around the players themselves. If COVID-19 is a threat to fans inside stadiums on game day, it would also be a threat to players who wouldn’t be able to practice proper social distancing during games or practice during the week. If games do take place without […]