Quote:
Originally posted by lenoxxx
the word on the street was that they owed like 20k to nationals. And the alumni despised the current undergrads, and prefered to work with new people, not the current group
add it to the list of cool colleges for us to go back to!
Lenoxxx
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I could see that, but its not IHQ's MO to close a chapter that owes a debt. They keep them open to pay it off, then close them. Happened to UT in 90 - 94. Paid off a 40K debt, then got closed. I have seen it elsewhere around here too. If they close them..they get no dinero. At least if they stay open, theres the promise of payment. Before we got all our affairs back in order, we owed about 10k, and I didnt begin to worry about ELC's shutting us down until after we got the debt paid off.