Purdue Global Owes $128 Million. It May Not Be Able To Pay.

[smartdegree]

Since the fees paid to Kaplan are a percentage of revenue (which obviously will not go beyond 100% LOL), then the only way for them to suffer a net operating loss is something outside of that fee setup. In other words, there are non-Kaplan and PUG-specific operating expenses that are bloating their budget. What it is, we don't know.