The university I went to had SO much financial waste. No joke, it legit would take 6 months to get a lightbulb changed when I worked at the campus bookstore -- this was personal experience, we were not allowed to change our own lightbulbs. They had to be changed by the maintenance team, and they weren't exactly go-getters.

I worked at the university while I went to school. The prof wages aren't the problem -- many are sessional professors who aren't exactly making the big bucks. Not that I want to see anyone lose their job, but if they wanted to at the school I went to they could cut the maintenance staff and other admins to about half the level they're at now and could still easily function. The workers would just have stuff to do for their entire shifts rather than what they're doing now.