Elite private schools are taking federal loans — including one attended by Secretary Mnuchin's kids

What will it take to reopen California schools? Gov. Gavin Newsom is looking toward an earlier start, possibly in late July, but there’s not yet a plan for doing so.

The federal support “would be a major help for those schools struggling to pay their staff and meet the expenses of providing education,” Andrews said. She said that the “perspective of elitism around independent or private schools” does not necessarily square with the economic realities of many of these institutions.“Because a school has a certain history or a certain reputation — that doesn’t really speak to its financial standing or what its needs are,” Menacho said. “What’s their debt? Their deferred maintenance? What costs are they carrying? Those are things that … are very real.

The April 24 letter to the Brentwood community was signed by Mike Riera, the head of the school, and Lance Milken, chairman of the board of trustees. Milken is the son of Michael Milken, the Wall Street investor who was sentenced to 10 years in prison following his 1989 indictment on racketeering and securities fraud charges. He was pardoned by President Trump in February.

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