[hooande]

Academia isn't financially self sustaining. Rich parents pay for the prestige of sending their children to certain schools. If college is only for future academics, they'll quickly run out of money.

The general pursuit of academic science could be funded by other means. but it will be hard to match the amount of revenue generated from wealthy parents and alumni

[slibhb]

Colleges are obscenely bloated mini-empires. They have grown their own legal systems and police forces. They should have far, far less money.