About one of every four Alabama private schools took Paycheck Protection Program loans. The Alabama private school loans totaled more than $50 million, to save more than 6,000 school-related jobs. See all the Alabama private school PPP loans here ➡️
distributed an initial $350 billion rapidly in its first two weeks, leading to some intense scrutiny. Some large companies later returned their loans. Federal officials also pressured some universities and K-12 schools with large endowments, including Harvard University, to decline or return loans.Saint James School in Montgomery took the largest amount: Two loans for $1.5 million each.
Saint James School reported $10.3 million in net assets, received $9.8 million in tuition and had $1 million in endowments on the school’s 2019 federal tax return.
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