Why does the State of Michigan allow its flagship UMich to be 50% out of state students?

[Anonymous]

Anonymous wrote:WSJ reports Berkeley dropped their OOS over 20% overnight (23% to 18%) and has suffered zero loss of prestige. If UMich cut their OOS by 20% overnight, that would be another roughly 1,000 freshman seats offered to in-state students.

And $3,000,000+ less in revenues.