American Council on Education, Other Associations Call for Creation of New Federal Lending Facility for Nonprofits
May 28, 2020
May 28, 2020
WASHINGTON, May 28 -- The American Council on Education issued the following news release:
Asserting that access to affordable capital is a necessary lifeline as colleges and universities navigate the economic fallout from the COVID-19 crisis, ACE and 34 other associations are supporting the creation of a new lending facility for nonprofits through the Main Street Lending Program (MSLP) at the Federal Reserve.
In a May 22 letter to Jerome Powell, chair of the Board of G . . .
Asserting that access to affordable capital is a necessary lifeline as colleges and universities navigate the economic fallout from the COVID-19 crisis, ACE and 34 other associations are supporting the creation of a new lending facility for nonprofits through the Main Street Lending Program (MSLP) at the Federal Reserve.
In a May 22 letter to Jerome Powell, chair of the Board of G . . .