Harvard says it won't be returning an $8 million stimulus check, even after Trump demanded it back

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• Harvard University has rejected President Donald Trump's demand that it repay an $8 million check it received to help mitigate the impact of the coronavirus. 
• "They have to pay it back, I don't like it," the president said Tuesday. "This is meant for workers, this isn't meant for one of the richest institutions."
• Trump also claimed that the university's stimulus grant came from the federal government fund for small businesses.
• Harvard denied this, saying the fund was drawn from one designed for higher education institutions.
• "Harvard has committed that 100% of these emergency higher education funds will be used to provide direct assistance to students facing urgent financial needs due to the COVID-19 pandemic," the university said in a statement.
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Harvard University said on Tuesday it has no plans to return an $8.6 million federal government check it had received to mitigate the financial impact of the coronavirus outbreak — rejecting President Donald Trump's earlier demand that it return the payment.

At Tuesday's White House coronavirus briefing, Trump said that in light of Harvard's $41 billion endowment, he would be seeking a repayment of the stimulus grant, which he suggested came from a federal fund for small businesses.

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