We scoured the backend of the U.S. Department of Education website and found the full database: 5,137 colleges and universities that were awarded $12.5 billion in coronavirus relief. Here are the allocations for some other wealthy schools: Ohio State University $42 million ($3.6 billion endowment); Northwestern University $8.5 million ($9.7 billion endowment); The University of Chicago $6.2 million ($7 billion endowment); and Massachusetts Institute of Technology (MIT) $5 million ($13.2 billion endowment). The biggest systems are allocated the most bailout money: Penn State $55 million ($3.6 billion endowment); Texas A&M $82.2 million ($10.5 billion endowment); University of Texas $173 million ($24.2 billion endowment); and the University of California $260 million ($8.3 billion endowment). Beauty schools called cosmetology colleges: Four-hundred and nine “cosmetology colleges” were allocated $102.7 million in bailout money. None of the sixteen colleges were allocated any coronavirus bailout money, either.

Source: Forbes May 05, 2020 11:26 UTC