Colgate University, Williams College and Yale are among schools that are waiving commercial rents for their tenants. : (Bloomberg)—Rich universities are investing to save the heart of their college towns: the small businesses near campus. Colgate University in Hamilton, New York; Williams College in the Berkshires town of Williamstown, Massachusetts; and Yale University in New Haven, Connecticut, are among schools that own commercial spaces and have waived rent since sending students home during the Covid-19 pandemic.