Greek Life Situation At RPI

StudentsR1st
Tue, 11 Sep 2018 19:21:46 +0000

It is in the best financial interest of RPI and maybe even a financial necessity that RPI bankrupt the Greek System. RPI’s current leadership (administration and trustees brought this on themselves) but they need to make the Greeks suffer. Based on information from F16 Greek Enrollment, Current Tuition and Fees for RPI, and the % of auxiliary services revenue which is profit; if all Greek Housing were eliminated there would be an additional $6.4M available to RPI. The combination of banning rush and the Summer Arch would result in an additional $3.2M in 2019-20. This would result in a 50% loss of revenue for Greek organizations instead of the 15.6% expected.

What better way to eliminate competition than to bankrupt them? Based on data posted on Renew Rensselaer RPI has bond payments of $9.5M in 2018, $10M in 2019, $10.2M in 2020, and $216M in 2021. Ensuring bankruptcy by 2020-21 will have a significant impact the ability to make these payments and possibly make it easier for a renegotiation of the 2021 series.