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All colleges went through the millennial wave, so there are fewer American college aged students to teach. It wouldn't be that big of a problem, but Trump's immigration policy is killing foreign enrollment, which is going to collapse a major revenue stream for universities.
Schools don't make money on domestic students, so a drop in domestic enrollment isn't a major issue as long as foreign enrollment and research stays constant.
All of them in the USA.
Most private universities provide significant aid to students; they actively engage in price discrimination.
Out of state tuition earns more than in-state, but there are additional fees that foreign students pay.
As for the money, it goes into a lot of the facilities and university operations. Universities are big clout chasers, so they will try to spend money to increase prestige.