It’s rational for a school to hoard its endowment capital, and I have nothing against it.
But what gets me riled is when a school has, literally, an endowment larger than the GDP of half the countries in the world (look it up; I’m not exaggerating) with enough income from the endowment to pay for free tuition more than twice over annually for all its students, and still most of the students are upper income kids paying full tuition. Then the school is still receiving taxpayer charity???
There’s something really wrong with that picture…
FYI, the GDP of all the countries in the world:
https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)