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

Fellow top-flight teams Tottenham, Newcastle, Bournemouth and Norwich have already furloughed staff, but it was Liverpool — who made pre-tax profits of £42 million for the 2018-19 season — that came in for the most criticism, in part due to their reputation as a club with a strong bond to the working-class community on Merseyside.

HCM City provides financial relief to poor, unemployed people

HCM City (VNA) – As many as 9,000 poor and near-poor households in Ho Chi Minh City that have been affected by the COVID-19 pandemic will receive monthly relief payments of 1 million VND (42 USD) each for three months, starting in April, according to the municipal Department of Labour, Invalids and Social Affairs. Up […]

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.

LSU offering pass/fail option instead of letter grades since classes have shifted online

“Again, we appreciate that this has been an unusual semester for each of you, and we are inspired by your tenacity and commitment to your studies,” Ballard said. “We wish you all the best as we enter the last several weeks of the semester, and encourage you to remain focused on your coursework.”

These 20 Groups Are Offering Aid to Artists in Need

Artist Relief launches with $10 million in funding, which will be distributed directly to artists via unrestricted $5,000 grants. Deana Haggag, president of United States Artists, says, “Artists, architects, podcast producers, playwrights, art journalists — all can seek funding.” Areas of need that will be prioritized include housing, emergency medical care, and food, and applications […]

Future of EU in Jeopardy Over Lack of Financial Response to COVID-19 Crunch, Spanish Ministers Warn

“We need the help of other countries, and that’s why the European Community was originally formed, at that time after a physical war, now we are fighting a war against an epidemic”, she said in an interview on the Antena 3 TV channel. The country’s Agriculture Minister Luis Planas likewise brought up the future of the […]

Bihar CM Nitish Kumar calls for speeding up disbursement of aide to those affected by lockdown

At a high-level meeting he chaired to review the coronavirus situation, Kumar noted that 3.80 lakh requests for aide have been received from migrant workers stranded in other states and financial assistance of Rs 1,000 each has been provided to 1.42 lakh by way of direct cash transfer.

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 […]

Britain eases capital raising rules to aid firms during crisis

“Our aim is to help companies to raise money quickly and effectively, while ensuring they respect the needs of investors, both current and future,” said Christopher Woolard, Interim Chief Executive of the FCA.