Yes. I have read between $40-50-Billion. And it may also interest you to know that Harvard has invested quite a bit of their endowment money buying farmland in California where I live. Not for the crops or the value of owning productive farmland, mind you; but for the water rights of that land as spelled out in the laws out here.

The answer is easy, stop funding them. Make the Universities gamble with their own money and this all ends overnight.

Biden already took money paid as taxes by middle class taxpayers that would never consider going into debt to buy useless degrees from the Education Industrial Complex, and just used it to pay rich kids' debt off who blew it inflating the salaries of low IQ incompetent administrators like Claudine Gay.

Like I said earlier, the way to defeat them is the same as dealing with internet trolls...stop feeding them. (Easier said than done, I am aware. Think of what our nation's founders had to give up to give us this nation. It requires principled commitment and integrity. Two things that are in short supply these days. But not in shorter supply than it was 250 years ago, I assure you)