So many answers to both. Abraham could answer better than me, but going private has many advantages, IF you can sustain your financial health. (IMO, UL has diversified enough to do that, but I’m not educated enough on the subject to speak on it).
We will need a constant flow of cash, on top of endowment. We’ll have to have scholarships fully funded as well, for all athletic programs. But man... we’d have some freedom.