By: Anonymous

Anonymous
Thu, 30 Apr 2020 15:32:33 +0000

In reply to BSME” target=”_blank” title=”/2020/04/ohio-state-receives-42-million-in-federal-stimulus-creates-student-emergency-grants/comment-page-1/#comment-116799″>BSME”>/2020/04/ohio-state-receives-42-million-in-federal-stimulus-creates-student-emergency-grants/comment-page-1/#comment-116799″>BSME ’93.

This is an entirely different fund set up by the federal government. It in no way has to do with the shoddy disbursement of the over $700 billion in small business loans. If this is the logic applied, you could justify removing any spending based on the fact some small business struggled to gain access to loans (e.g. we are still going to invest in roads in addition to small business loans just as we can continue to invest in higher education and aid for students while giving small business loans).

Secondly, that’s not necessarily how endowments work. The purpose of an endowment is to consistently generate income used for student aid. Sure they could take the entire $5 billion fund and use it for expenses and student aid this year, but then children in 10 years will be robbed of the opportunity to receive aid as the fund can no longer produce reliable income.