Because a university's ability to charge the prices they do depends on people being on location. Nobody is going to pay 50k or 100k for an online course.
Plus if rich fucks can't buy a building to put their name on that kids will walk through they won't donate money.
You make it sound like it's a decision based on school administrators putting learning first.
I like how other than being triggered by the word rich fucks your reply has nothing to do with universities being remote or in person, just you bragging about personal accomplishments? I mean congratulations, but universities are still going to charge more by requiring you to go on location.