Meanwhile, per Fedzilla’s Department of Education...
“...At the end of fiscal year 2020, the market value of the endowment funds of colleges and universities was $691 billion, which was 2 percent higher than the beginning of the fiscal year, when the total was $675 billion...”
Gee, I can think of a handy way to put a dent in the national debt...
One thing you can see if you go to poorer states (Alabama being the example here) is how fabulously wealthy the college towns are (Tuscaloosa and Auburn). Luxury apartments extending for miles. Restaurants, swimming pools, golf courses, you name it.
Then you go to rural parts of the state and see people living in poverty. Boarded up buildings. Meth everywhere. Horrible roads. 1950’s era public housing.
Does the government try to bring industry to poorer areas so they can live better and grow the economy?
Apparently not.