Many other colleges outside the IVYs provide merit and need based discounts to internationals. Im all for full pay international students attending our universities to subsidize US FA. But if a college is going to give away money to foreign students, then they should be taxed on that.
And I wouldn’t be surprised if this actually happened. The new federal tax package penalize colleges with very large endowments? The state of Connecticut is in major debt, and endowment taxes have been on the table.
Anyway, we are going off topic. I do think there will be many consolidations and closures as less popular schools deal with a bursted bubble of costs, reduced enrollment, and a lower value prop for incoming students. This is good.