I have always been dismayed by the overemphasis on funding at many educational institutions. "We need all this equipment! We need this, we need that!" As far as equipment is concerned, a good, true education is not that expensive. A lot of what is emphasized today boils down to frills and bells and whistles while the core of what is important is neglected.
This is one reason why classical schools are popping up all over the place that are inspired by the trivium and quadrivium and updated accordingly. They are also cheap.
The education industry is shot through with grift.