I heard another rumour that they wanted to provide free accommodation for their undergraduates as well. In 1988 they setup the Newton Trust [http://www.newtontr

I heard another rumour that they wanted to provide free accommodation for their undergraduates as well. In 1988 they setup the Newton Trust [http://www.newtontrust.cam.ac.uk/studsupport http://www.newtontrust.cam.ac.uk/studsupport] which awards "bursaries to nearly 3000 undergraduate students every year" which seems like a pretty good use of their money.