Harvard University is not Shake Shack.

The fast-food chain recently received $10 million in forgivable loans under the government’s Paycheck Protection Program, intended to help small businesses pay struggling employees during the coronavirus pandemic. Shake Shack returned the money, with CEO Randy Garutti and Founder Danny Meyer explaining, “We have decided to immediately repay the full $10 million PPP loan we received last week from the (Small Business Association ) so restaurants that need it most can get it now.”

Harvard University, the Ivy League institution of higher learning across the Charles, was also in line for federal largesse, some $9 million from the Aid, Relief and Security Act economics of the coronavirus.

They started making plans to spend it.

“Harvard is committed that 100% of these Higher Education Emergency Funds will be used to provide direct assistance to students facing urgent financial need due to the Covid-19 pandemic,” tweeted the university.

Harvard has expenses, of course. According to reports, 55% of full-time undergraduate students receive some kind of need-based financial aid. But the school also has a large endowment – some $40 billion. According to the university’s website, returns from the endowment help fund, among other things, financial aid programs.

Harvard could have had a Shake Shack moment.

But it took President Trump to pull one out.

“Harvard should return that money,” Trump said Tuesday during a coronavirus press briefing. “It’s not for one of the wealthiest institutions, far beyond schools, in the world.”

The university is now giving bailout funds a pass.

It would be great if people and institutions did the right thing. These days we have to take what we can get.