>They can't spend 2%(540/26,000) of their endowment per year on free tuition? What is this money for? Oddly enough, it's possible they can't. Endowment beques

>They can't spend 2%(540/26,000) of their endowment per year on free tuition? What is this money for? Oddly enough, it's possible they can't. Endowment bequests frequently come with conditions, so they don't have complete flexibility in that respect.