Why rich students get more financial aid than poor ones

“Better prepared students, higher graduation rates and a better chance of attracting students who will later give back to the college — that’s the reward system that’s in place,” says Van Der Werf, adding that there’s no similar reward system for helping low-income students.

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 […]

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

“If you play out the scenarios that are out there, it really makes you nervous,” said Mary Papazian, president of San Jose State University, which estimates it will lose $16 million by the end of May. “We may be looking at cutting academic programs if it comes to it. We may be looking at laying […]

These 20 Groups Are Offering Aid to Artists in Need

Anonymous Was a Woman Relief Grants: Anonymous Was A Woman, partnered with the New York Foundation for the Arts, plans to distribute $250,000 in unrestricted grants, up to $2,500 apiece, to women-identifying visual artists over the age of 40 in the United States and territories. The grants are intended to help artists respond to financial hardship […]

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

“HUMANITY’S DARKEST HOUR” Emerging markets and developing economies have been hard hit by the crisis, Georgieva said, noting that nearly $90 billion in investments had already flowed out of emerging markets, far more than during the financial crisis. Some countries are also suffering from sharp drops in commodity prices.

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.

BRIEF-Britain eases rules to aid company capital raising in pandemic

* FCA: OUR AIM IS TO HELP COMPANIES TO RAISE MONEY QUICKLY AND EFFECTIVELY, WHILE ENSURING THEY RESPECT NEEDS OF INVESTORS Source text for Eikon: Further company coverage: [ ] (Reporting By Huw Jones)