I wonder if there is something that makes the William & Mary/Stony Brook programs so expensive to run. Do these budgets include scholarship/tuition costs?
Yes, but I don't think that's the story with William & Mary/Stony Brook. Their budget has hardly changed since 2020 (9% and 14% respectively) compared to Davis increasing 38% over the same time period.
I think there's just something innately expensive about their program (maybe tuition)?