Hillsdale, Harvard, and Federal Money

Gary compares the two approaches to funding between Hillsdale College and Harvard. Despite having an enormous endowment of billions of dollars, Harvard still takes a large amount of tax money every year. Hillsdale takes none, not even indirectly. The school saw the trap of federal money from early on. So many colleges in the country are dependent on government money yet still have high tuition and less control over their product.