Agreed. If they are, as claimed, in the business of educating students, why not use some of that endowment money to open more campuses and educate more students?
Columbia offers admittance to fewer than 3% of the people who apply. More people than those admitted have the requisite grades etc to think they'd perform well at an elite school; why not offer more of the admittance and use the endowment to make it happen? Or, use the endowment to further lower the list price of the education (approaching $500k for 4 years)?
Columbia offers admittance to fewer than 3% of the people who apply. More people than those admitted have the requisite grades etc to think they'd perform well at an elite school; why not offer more of the admittance and use the endowment to make it happen? Or, use the endowment to further lower the list price of the education (approaching $500k for 4 years)?