OK, I confess I am Canadian, and truly private university education is not withing my personal experience. ;-}

When government provides the bulk of the funding and uses that fact to exert some control over the level of tuition fees, the degree to which a university can be "fairly" construed as essentially a business, is diminished.

I notice, Colkoch, that you didn't tag the Church as a business selling salvation with no guarantee whatsoever. Why the reticence? ;-}