> I think these legacy universities don’t want to lower tuition because they still admit lots of rich people who just pay. But the middle class is really squeez

> I think these legacy universities don’t want to lower tuition because they still admit lots of rich people who just pay. But the middle class is really squeezed out. Of course the lower class is squeezed as well since it’s hard to get accepted if parents can’t afford tutors, coaches, etc. IMHO, income from college endowments that are larger than one billion dollars should be taxed at 110%.