Who are these authors? The feds aren't "paying universities not to sped their endowments" they are paying them to take more students. All that will happen is th

Who are these authors? The feds aren't "paying universities not to sped their endowments" they are paying them to take more students. All that will happen is that universities will cut funding for financial aid. Rule number one for any university endowment is that you never ever ever touch the endowment to fund ops [0]. Ever. Because the second you do the internal politics of the university go completely insane with everyone trying to get a slice of it for their pet projects. You especially don't use it to fund students tuitions. There are many people who can pay full ride for all their children. Do we really want to go back to living in a world where the vast majority of students who go to elite universities are there because their family has money? Because that is the world that this would create. 0. In fact I'd say that this is rule number one for trying to build ANY kind of lasting institution.