Oh, apologies for the red herring here. In UK a 'college' is usually a Further Education College or a Sixth Form College. These institutions cater for students from 16 to 19 plus various adult education courses and some degree level work, the latter usually validated by a local university.
So your experience is of colleges? My fault too as I jumped to the conclusion that a previous comment of yours about not having taught in schools as meaning you taught an university. I should know better, especially as my kids both went to sixth form colleges for A levels.
That said, It makes Yale look even worse. They are better funded that British universities, and universities in turn are mostly better funded than HE/sixth form colleges.