For a private school, they can choose how to spend their money. Hoarding it is one option.
For the federal government, they can choose how they allocate grants. Withholding grants from greedy schools is one option.
> Withholding grants from greedy schools is one option
At that point, stop writing grants. Sending money to sub-optimal grantees to effect an education/investment policy is wasteful.
> Withholding grants from greedy schools is one option
At that point, stop writing grants. Sending money to sub-optimal grantees to effect an education/investment policy is wasteful.