IEEE at our college would send a significant amount of money for the student org. In addition the student fee likely did not even cover the basic costs of acces

IEEE at our college would send a significant amount of money for the student org. In addition the student fee likely did not even cover the basic costs of access provided by third parties, etc. They also have conferences, etc. to students, were the student fees almost certainly don’t cover the costs. Their expenses may be too high, but the comparison to arxiv is not helpful.