Let me see if I have this straight.
JMU has 20,346 Undergrads and 1,878 Graduate Students and they get $2,340 out of every student for $52MM.
UB has 21,467 Undergrads and 10,865 Graduate Students and they get $480 out of only the Undergrads for $10.3MM.
If that's the case, therein lies the problem. I hope Graduate Students don't get any perks for Athletic events and are paying full price.