Since I am an engineer I like crunching numbers. Found 2 stats -24% default rate and another 40% default rate. Both for federal loans. 66% of college graduates have loans.
That means at JMU 25 million out of 38 million is coming from loans. And out of that 10 million will never get paid back.
So Joe Schmoe American is subsidizing JMU at 10 million a year.