I just wanted to corroborate this as an attendee of a school you'd recognize.
I received a large financial aid package structured as an institutional scholarship. My dad's business failed my freshman year. He liquidated its assets, as those had served as his modest "retirement" fund. This windfall left me ineligible for financial aid, which means I lost that scholarship. Forever. It was not eligible for renewal the following years--no matter how little my parents earned.
Prior to accepting the offer, I called the financial aid office asking questions I thought would help me determine the money would be there. They gave every assurance it would. Nothing was in writing. There's no contract to read and sign. How's a 17 year-old first gen student supposed to navigate that?
I don't have a breakdown for the ring, but from experience that's not much more than what it takes to keep the product flowing to people's doors in the US at modest volumes.
Anyone can buy these in any quantity. If you have a few hundred dollars and are interested in learning a little about business in China, it would be a fun exercise to import and sell something like these rings on Amazon.
It's in the Apple Developer Program License Agreement. You're responsible for anything that happens with your stuff while it's enrolled under your name.