"Well, we inflate tuition so we can give enough assistance so we don't have to pay taxes, because that makes use a tax exempt charity. And then we stuff nearly

"Well, we inflate tuition so we can give enough assistance so we don't have to pay taxes, because that makes use a tax exempt charity. And then we stuff nearly all the money into our endowment. Which is quite a lot because it barely takes the tuition the freshman class pays to pay for all the education of all of the students we have. And then we expand the Administration so we can milk more alumni and donors."