This isn't tenable at this price. Double or triple it, and maybe.
The limiting factor for elite universities usually isn't dollars, but the quantity of qualified tenure-track faculty and physical space. Not at the university, but overall. The number of postdocs and graduating PhD students each year with the credentials that Cal wants to accept isn't huge. Similarly, the number of rooms that the university has is limited, and both of those numbers take time to change.
A certain ticket for 4x the price of Harvard is still a really, really good deal for lots of wealthy people.
The limiting factor for elite universities usually isn't dollars, but the quantity of qualified tenure-track faculty and physical space. Not at the university, but overall. The number of postdocs and graduating PhD students each year with the credentials that Cal wants to accept isn't huge. Similarly, the number of rooms that the university has is limited, and both of those numbers take time to change.
A certain ticket for 4x the price of Harvard is still a really, really good deal for lots of wealthy people.