Not sure how practical it is to cut subsidies for loans right now given the problems many students…
Francois Galante

With $500 mil/university, my thought would be to use $100-$200 for endowment, $100-$200 for construction and startup costs, and then use the remaining $100-$300 to cover operational costs for the first few years while tuition revenues lag. The goal would be zero permanent revenue support. They’d be, in budgetary terms, private universities.

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