Student loans, as opposed to grants, count too. I promise that number makes $2.5M in student grants and $16M in research pale.
I remember some time ago, the Feds came down on a small Christian college for some sort of something that was rooted in their interpretation of the Bible. The Feds' complaint was in turn rooted in Title IX.
For this very reason, the school had taken great pains to refuse any and all federal monies, and the primary defense was that Title IX therefore didn't apply to them. But because a number of students had received federally-funded or federally-guaranteed student loans, and the school had received the money, the courts ruled that Title IX did apply.
I personally think it was a bad ruling. But next time a federal judge asks my opinion on anything will be the first time. Like it or not, that's the law....unless it's been overturned since then, and I'd think I'd have heard about that.
Bottom line, though, is that Baylor undoubtedly comes under Title IX.
