A day after the latimes reported that the a K-8 private school that Treasury Secretary Mnuchin's children attend recieved a loan, Mnuchin said schools with significant endowents should return the money.
reporting that Brentwood School — the exclusive K-12 facility in West L.A. that his children attend — had received a PPP loan.
Officials at several other elite L.A. area private schools told The Times that their institutions opted to not apply for PPP loans, which are forgivable if certain parameters are met. Founded in 1972, Brentwood’s board members include actress Calista Flockhart and investor Lance Milken, son of billionaire Michael Milken, the former junk bond king. Tuition at the school, which has more than 1,100 students spread across two campuses, ranges from $37,500 a year for K-5 students to $44,000 for sixth through 12th grades.
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