[ClearCase_guy]

Colleges typically have endowments which they really, really, really don’t like to dip into.

But they certainly could.

[Svartalfiar]

Colleges typically have endowments which they really, really, really don’t like to dip into.

But they certainly could.

Not to mention, endowments aren't just a savings account at the local bank. Endowments are generally tied up in land or a lot of investment funds, so they aren't exactly liquid assets. And with the stock market tanked, they probably don't want to sell off what they can at such a low.