May 1, 2020 / 1:19 PM / a month ago

Private schools with significant endowments should return PPP loans: Mnuchin

U.S. Treasury Secretary Steven Mnuchin answers questions during the daily coronavirus task force briefing at the White House in Washington, U.S., April 21, 2020. REUTERS/Jonathan Ernst

(Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday private schools with significant endowments and have taken loans from the coronavirus stimulus law should return them.

“It has come to our attention that some private schools with significant endowments have taken #PPP loans. They should return them,” Mnuchin said in a tweet.

Reporting by Ismail Shakil in Bengaluru; Editing by Rashmi Aich

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