In fairness, they’re going to need lots of cash for the Rolling Stone related lawsuits.

The Richmond Times-Dispatch reports.

Dragas says U.Va. created ‘$2.3 billion slush fund’

Former University of Virginia Rector Helen Dragas is accusing U.Va. of maintaining “a $2.3 billion slush fund” for pet projects with money that instead should have been used to reduce tuition.

Dragas, whose eight-year tenure on the U.Va. board of visitors ended June 30, used an opinion column in The Washington Post to take a parting shot at the university’s administration, which four years ago she sought to oust when she was rector.

University spokesman Anthony P. de Bruyn issued a statement in response that did not directly address Dragas’ allegations. U.Va. is “steadfast in its longtime commitment to providing an affordable, accessible and world-class education to all qualified students,” de Bruyn said Thursday.

He said the university’s innovative Affordable Excellence model ensures that U.Va. will remain affordable to all Virginians “while enabling the university to make important investments that support U.Va.’s strategic plan, the Cornerstone Plan.”

In the July 6 online column, Dragas compared frustrations over student debt in the U.S. “to those vented across the Atlantic in the recent Brexit vote.” She said the same “disconnect is alive and well at the commonwealth’s flagship.”

The board in June found out about the “pot of reserves, surpluses and earnings that for years has been hidden in plain sight,” Dragas wrote.