Thread regarding National American University layoffs

Did National American University get a government bailout?

"The CARES Act includes provisions for Emergency Financial Aid Grants to Students who are enrolled in participating Title IV institutions. On April 10, 2020, the company received notification from the USDOE that NAU may receive $1,453,446 in funding."

https://backend.otcmarkets.com/otcapi/company/financial-report/249065/content

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| 785 views | | 3 replies (last September 10, 2020)
Post ID: @OP+16wztFSB

3 replies (most recent on top)

"National American University was allocated $1,453,446.00 under the CARES Act. On April 28, 2020, National American University signed and returned to the Department of Education the Certification and Agreement for Higher Education Emergency Relief Funding and intends to use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students."

https://www.national.edu/covid-19/

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Post ID: @mvvp+16wztFSB

Not to be confused with American National University.

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Post ID: @2hhk+16wztFSB

There is something called "National American University"? Is that a joke? The name itself is an oxymoron.

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Post ID: @1eqr+16wztFSB

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