[sevensor]

It's funny, I did the same math and concluded there's no way they profited enough from this scheme to cover the cost of noncompliance. Even if they took $3.6M in revenue, they had to pay salaries, expensive rent, and overhead for 5 years. That's barely scraping by. Hopefully they're sitting on a pile of investor money they can use to pay this settlement.

[amcooper]

You're forgetting the dropouts. For every online student who graduates from Flatiron, there are many—maybe a dozen, maybe more—who drop out. Flatiron bills online students monthly, so they're raking in a good deal of money from dropouts who can't get their money back.

[Fergusman]

You need to flip the number, the online program is relatively new. The 1,000 taught reflects mostly in-person students.