The real question is - "What is the purpose of colleges??" - many are run as a corporation to make money - many have extremely large bank rolls -
tuition could certainly be reduced to cover expenses - not make more money
SCHOOL (STATE)
END OF FISCAL YEAR 2021 ENDOWMENT
U.S. NEWS RANK
Harvard University (MA)
$53,200,000,000
3 (tie)
Yale University (CT)
$42,300,000,000
3 (tie)
Stanford University (CA)
$37,800,000,000
3 (tie)
Princeton University (NJ)
$37,000,000,000
1
Massachusetts Institute of Technology
$27,400,000,000
2
University of Pennsylvania
$20,500,000,000
7 (tie)
University of Notre Dame (IN)
$18,400,000,000
18 (tie)
Texas A&M University
$16,900,000,000
67 (tie)
University of Michigan—Ann Arbor
$16,800,000,000
25 (tie)
Washington University in St. Louis (MO)
$13,700,000,000
15 (tie)