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Elite private schools are receiving federal loans — including one attended by Secretary Mnuchin's children [Los Angeles Times (CA)]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Brentwood School, the elite K-12 institution in West Los Angeles, has received a Paycheck Protection Program loan, according to an April 24 newsletter it sent to parents, joining a number of exclusive schools throughout the country that have secured government financial aid due to coronavirus disruptions. The private school, which has more than 1,100 students spread across two campuses, said that the loan, approved and funded in mid-April, would “help us enormously as we move forward into a financially ambiguous future” brought on by the COVID-19 pandemic, according to the letter obtained by The Times. Many private schools in Southern California and beyond are grappling with financial hardships, but the federal loans offered via the $660-billion PPP are designed to help pay for workers’ salaries. At Brentwood, though, the optics are unique. Founded in 1972, Brentwood counts among its students at least two of Treasury Secretary Steven T. Mnuchin’s children, according to multiple people Show less Read more
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