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Harvard University – whose $40 billion endowment is the largest of all academic institutions around the world – will get nearly $9 million in coronavirus relief as part of the $2 trillion aid package approved by Congress last month, according to a report.

The federal government has mandated that about half of the $8,655,748 the Ivy League school will receive be reserved for emergency financial aid grants to students, the Harvard Crimson reported.

The CARES Act – Coronavirus Aid, Relief, and Economic Security Act – allocated $14 billion for colleges and universities that have been affected by the pandemic.

The Department of Education will release the first $6.28 billion to the academic institutions to cover expenses like course materials, technology, food and housing that students rang up “related to disruptions in their educations due to the COVID-19 outbreak,” the newspaper reported.

Secretary of Education Betsy DeVos in an April 9 letter urged school administrators to set a maximum amount for individual student aid grants to ensure wide distribution of the funds.

A Education Department spokesperson told Newsweek that DeVos “shares the concern” that handing millions of dollars to schools with huge endowments “is poor use of taxpayer money” and called on the schools to send unneeded funds to other needy schools in their state or region.

“We hope that the presidents of these schools will take the Secretary’s advice and direct CARES Act funds to students in need, no matter where those students are enrolled,” the spokesperson said.

The Crimson reported that administrators announced salary and hiring freezes, salary cuts and spending reductions.

A Harvard spokesman said in a statement to The Post that the CARES Act aid is intended to “address student needs, as well as impacts of COVID-19 pandemic on colleges and universities.”

“Harvard is actually allocating 100% of the funds to financial assistance for students to meet their urgent needs in the face of this pandemic,” Jason Newton, Associate Director, Media Relations & Communications, said in the statement.

“Harvard will allocate the funds based on student financial need. This financial assistance will be on top of the significant support the University has already provided to students – including assistance with travel, providing direct aid for living expenses to those with need, converting jobs to grants where students lost wages, and supporting students’ transition to online education.”

Along with Harvard, other Ivy League schools will receive CARES Act funds.

Columbia and Cornell universities will receive $12.8 million, Yale will get $7 million and Princeton has been earmarked $2.5 million.