[Detrytus]

Until $1B runs out? Tuition is like $70k per year, so $1B should be enough to cover 3300 students for four years.

[swores]

University endowments are usually used the way kwkelly has (since you commented) explained [*] - investing it and using the returns, rather than burning through the capital until it's all gone. It would be extremely surprising in this case if they chose to do it the way you're thinking.

[*] https://news.ycombinator.com/item?id=40925597