Exclusive D.C. Prep School Beloved by DC political class Refuses to Return Gov’t Loan


An alum.

 

How will Sidwell Friends get by without taxpayer support? It’s not like the school could lean on alums for funding or anything. Better to get America at large to pay.

(From The Washington Free Beacon)

A $50 million endowment, a massive capital campaign in the works, and a wealthy, well-connected board—none stopped a D.C. prep school from taking one of the largest coronavirus loans issued.

Sidwell Friends School, a Quaker-affiliated independent school known for enrolling top lawmakers’ children—including the daughters of former presidents Bill Clinton and Barack Obama—accepted a $5.2 million loan under the Paycheck Protection Program (PPP), Congress’s bailout fund for small businesses affected by the coronavirus crisis.

Source: https://www.ac2news.com/2020/05/exclusive-d-c-prep-school-beloved-by-dc-political-class-refuses-to-return-govt-loan/

Leave a Reply

avatar
  Subscribe  
Notify of

More from Against Crony Capitalism: