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Stock impact report

Coronavirus stimulus package includes $1.1B going to for-profit colleges [Yahoo! Finance News]

Grand Canyon Education, Inc. (LOPE) 
Last grand canyon education, inc. earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.gcu.edu
stimulus package includes $1.1B going to for-profit collegesAarthi SwaminathanReporterYahoo April 10, 2020ReblogShareTweetFor-profit colleges and universities are estimated to get $1.1 billion in federal funding from the coronavirus stimulus package, despite Democrats and some expertsexpressing deep reservationsOut of nearly $14 billion provided by the CARES Act, which was designed to support college students and higher education, around 9% was allocated to for-profit schoolsincludingUniversity of Phoenix“The for-profits can distribute aid to students, but as for-profit businesses they should be treated like other for-profit businesses,” Bob Shireman, a senior fellow at the Century Foundation and former Education Department official during the Obama administration, told Yahoo . “Aid to a nonprofit or public college is restricted to educational and public purposes, but for-profit corporations have no such restrictions. They should not be getting institutional aid apart from the busines Show less Read more
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