I was more asking why is this acceptable? If its an American university, benefiting from American tax dollars, shouldn't it primarily benefit American students?
So many things we just accept at face value and don't question. I never really thought about it before, but it's weird now that I think about it. This is necessarily a scarce resource (by design). It doesn't have to be, they could vastly grow their class size without lowering standards. But they choose not to, to maintain elite status and make their donor class happy.
If they wanted to keep their class size the same, they could probably fund it entirely through their $53bn endowment, yet they still charge 50k+ a year.
And then they have the audacity to reject thousands of qualified American kids and give their seats to rich foreign kids? Come on