Why rich students get more financial aid than poor ones

Rankings are always partially based on performance metrics: U.S. News & World Report’s annual rankings, for example, take into account academic success and high SAT scores. Wealthier students tend to perform better on SATs, according to an assessment of SAT results by the Brookings Institution.

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

Jazz Foundation of America: The Jazz Foundation of America has established a COVID-19 Musicians’ Emergency Fund to aid musicians and their families with living expenses. Musicians in crisis, including those who have lost income due to cancelled gigs, are encouraged to get in touch with an advocate through the foundation’s website.

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

The European Union’s future is in limbo as long as it cannot come up with a set of comprehensive financial roadmaps to effectively combat the coronavirus crisis and its economic fallout, Spanish officials warned Wednesday, as EU talks on greater economic support to the economically-ailing countries bore no fruit.

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.

Australia must help Pacific neighbours fight coronavirus, aid groups say

“The Australian government must contribute its fair share to the UN’s appeal to help poor countries contain and respond to the virus, as well as to respond to the looming economic crisis, which will plunge millions more people into poverty.”

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.