Universities artificially limit the number of graduates, keep tuition prices high, and provide just enough financial aid to qualify as non-profits. This enables the real business model - returns on massive endowments, compounding tax-free, and earning far more than tuition.https://twitter.com/ConradBastable/status/1079490520227950592 …
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This was also in consideration for Republican's "tax reforms" to tax the endowments above a certain level, but they never followed through on it
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