So they are making billions a year in tax free 'endowments' while helping predatory lenders lock students into unfair loans... and Biden, in his infinite wisdom, looks at this equation and has decided that throwing billions of federal money at it will somehow improve things. Good grief.
It's getting to the point where I have to wonder is he living on another planet or corrupt?
There is an endowment tax: https://en.wikipedia.org/wiki/Endowment_tax
I don't think these large endowments are super ubiquitous considering how many colleges/unis there are out there:
But I agree, those should be chipped away a bit -- an indirect way of taxing the 1% I suppose.