I wouldn't want my alma mater funded entirely by the state. They went on a real estate and related spending binge while I was in school. Some of my friends worked at the alumnus center, spending all their hours calling up alumni begging for donations.

Meanwhile, really useful classes that students wanted and professors wanted to teach didn't exist, because the school wouldn't fund the extra class time.

In short, out of all the school's top priorities, the students were nowhere to be found. Change that, and maybe I'll change my mind too.