Harvard Took No CARES Act Money, Says President

The transcript discusses the CARES Act, which allocated funds to universities based on a formula considering Pell grant recipients and student enrollment. Harvard was eligible for $8.6 million but chose not to accept the funds due to unattractive conditions. There was a public misconception that Harvard was receiving funds meant for small businesses under the Paycheck Protection Program, which was incorrect as Harvard neither applied for nor received such funds.

What misconception did people have regarding Harvard's funding?

Did Harvard ever apply for or ask for any money from the government?