No, it's an institution of Higher Learning, not a Business. And treating educational institutions as if they are businesses is what has led to their decline.
I mean, we can equate athletics to this. The amount of debt accepted by the U to expand athletics when you couldn't ever actually be competitive in it (football) is one of the biggest blunders in the history of the University. But it's fine, we'll just continually cut the people who do the real work of the University (educating students) and balancing the budgets on their backs, so administrators can make absurd salaries padding their resumes so they can move onto something more lucrative somewhere else and fund their yachts.
It's sick, and the fact that you can even attempt to defend it is sick.