Sounds like it ' s been in the works for over a year , and is now starting actual construction . I only noticed it for the first time the other day , since I don ' t often drive that stretch of Braker . a u s t indevelopmentconstruction 2016092111 s t o r y o f f i c e b u i l d i n g p arkinggarageplanneddomain <| sep |> Amherst College , a Division 3 school that competes in the New England Small College Athletic Conference NESCAC has a $ 2 . 2 Billion endowment . Amherst ' s conference rival , Williams College go Ephs ! , has a $ 2 . 4 Billion endowment . D 3 Washington Univ . of St . Louis has an endowment around 3 times the size of Amherst ' s . MIT , another D 3 school go Engineers ! has just under $ 13 . 5 Billion in endowment money . That ' s more than any school in the USA not named Stanford , Princeton , Harvard , or Yale . D 2 and D 3 schools can get plenty of endowment money . And yes , private schools can and do also get federal funds for financial aid and other expenses .