They have 0 visibility into any of the operations and therefore can’t derive any insights or install controls.
They have no idea if:
Some professors more effective teachers than others.
Which days students buy more food.
Whether taking a given prerequisite leads to better mastery of advanced material.
If additional spend is correlated with better student outcomes.
For people in tech businesses, it’s such a shocking thing to read it’s hard to fathom how any of the leadership at universities find this situation acceptable.