I had similar requirements for school. Meals ended up costing me ~$10 per. I could get much cheaper food on my own, but that wasn't going to make the university any money.
Where I went to school the student meal plan you were required to buy costed something like $14 per meal, while they provided the same food at the university hospital for something like $4 per meal.
That almost happened at my university the semester after they went big into debt for a new stadium. We're one of the last ones in the state who aren't forcing under clansmen to live in the dorms. They cited things like, "it sill save them money! It will help with inclusion! It will help their GPA!" It was bogus of course. Thankfully the students protested fairly hard and our president sided with the students.