Earlier quoted context omitted.
If you're a person who doesn't need a university program, then you're a person who can get an incredible amount of value out of one as well. No school gives you anything, but you can take a hell of a lot out of a halfway decent program.
Unless you'd rather be in the working world than talking homework with a bunch of rich, naive kids.
Without their generosity, it would have been very difficult to pay $40k/year to go there.