Its completely clear to me. If you kick out a first-year student, you've deprived the university of the next three years of income from that student.

We've allowed money to become the guiding principle of higher education, rather than ability.

The sad truth no one wants to admit to, is that most people don't need to go to college, and frankly, if we were go to back just 60 years to the rigor of those curriculums, most people couldn't hack it, either.