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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]The problem is not the PPP loans for private schools.[/b] That makes sense. The problem was the PPP loans for charter schools. That made zero sense and seems like outright fraud. [/quote]

Oh yes it is. These schools have huge endowments and did not need to to take the money. I applaud those that didn't and am ashamed for those that did. And on top of taking the loans they asked parents for their annual fund donations. What a crock.[/quote]
Which ones have massive endowments and how much are they?

The point of the PPP program was to maintain linkages between employers and employees to avoid mass layoffs and dislocation in the economy which would make pandemic recovery harder. It served its purpose but it was imperfect and I doubt that it is ever done again.

Private and independent schools would have otherwise had to layoff a lot of people without the PPP loans. In case you were not aware, charter schools are funded by the state and they continued to receive funding throughout COVID so there was no major hit to their operating budgets and no need for them to take out the loans. That was fraud. [/quote]

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