You say this as if universities are run by people that aren't rich. Over here in California, San Diego State, in the middle of the biggest budget crisis in our states history, just appointed a new President with a salary of $400,000.
And let's not even start talking about the actual chancellors of these state systems.
Plus, imagine if 5,000 students at any decently sized university end up getting $100k over the course of their studies in financial aid and end up working at starbucks, that's half a billion dollars wasted, easily, at just one university. And that's NO exaggeration. I think the recent estimates are that 50% of students right now are going to leave college jobless. And when you finish college and aren't applying what you learned (if you learned anything), that knowledge slips away fast.
Your idealistic dismissals should be rethought.