And when will CCi be processing the up to 160 full refunds (as defined in the operating agreement) for the Cross Lanes and Eagan students?
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Sounds like another trip to the pawn shop. Tune in next week to Pawn Stars and see what happens when Jack asks Chumley, how much will you give me for these five, oops I mean four pillars.
$320k for 160 full refunds? That's way too low. It's a "full refund," and the campuses have been in teach-out, so the average is likely $10k to $12k, or more like $1.6M to $2M. Not that much in terms of $1,400M in revenue, but when you are printing double-sided to save money, it's going to hurt.
That is conservatively, $320,000 in student payback.
What do you think?
Of course they will! That deal with Remington and/or ECMC will be going through by noon on Friday! Then they will pick up ALL the bills and we all keep our jobs and get our 10% back!!!!!! And p-cards will return!!!!!!