Depending on who you are, you might be surprised by how not far that goes. It doesn't get you that many people or services in 2016, where we feel lucky as individual people to get a place to live for half a million bucks.

But yeah, it would be possible to do something pretty crazy like 500 40k scholarships though, which is a super interesting idea. The cost of the beauracracy to administer them would suck pretty hard though.