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Grad students on balance cost a university much more than they pay.
I think you have it reversed. The grad students are either enrolled in professional programs with very high tuition, or else they are TAs who provide very cheap labor for the university. At $3k a class (I'm not sure actually how many classes are required to be taught per TA at UConn, but at the B10 schools, they teach 2-2s, and more during summer). and approx. 30 students per class, that's 120 students a year x 3 or 4 credits per each student. They bring in over $100k and get paid about $10k.