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Reply to "Sidwell to increase tuition a WHOPPING 6.7%"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Plus Sidwell applied for and gladly accepted approx $5 million in PPP dollars! Other top secondary schools in the DMV did not even apply, nor should they have.[/quote] Why not? They were offered and fully legal, and there were billions left over and unclaimed. They likely used the money for plexiglass, HVAC and other costs related to COVID, not to mention retaining summer camp and other staff who they would have otherwise had to let go. Perfectly reasonable. I would ask why the Board of another school chose not to take that money.[/quote] +1 Better then than restaurant groups that took the money, SHUT DOWN, and didn't provide any salaries to their fired employees in the interim. At least Sidwell get its doors open, activities running, better COVID related health precautions, and school in-person. That is the success story parents in public schools were demanding for two years and still haven't gotten. Honestly I don't understand the complaints. Wouldn't you pay an extra 6% to ensure your kids were in-person and extracurriculars were still normal? [/quote] NAME A RESTAURANT that did that. If they did, the loans weren't forgiven and had to be paid back, so there's no loss to the government. I really would have thought that folks who are smart enough to have kids who can get into Sidwell weren't so stupid as to throw out such unadulterated bullshit. Or maybe you're just rich and stupid? [/quote] The only requirement for the PPP loan was to advertise that jobs were available. They did not have to hire or retain staff. Momofuku got a $1.48M PPP loan in April 2020/March 2021. Immediately shut down its DC location and kept its NY and Las Vegas locations. Just reshuffle of money but staff fired. https://www.federalpay.org/paycheck-protection-program/momofuku-171-first-avenue-llc-new-york-ny https://www.bizjournals.com/washington/news/2020/05/13/momofuku-permanently-closes-citycenterdc-location.html[/quote]
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