25 students had their degrees invalidated because a satellite program of North Carolina Central University at Bishop Eddie Longs Lithonia megachurch New Birth Baptist Church was not accredited. Nobody involved will take responsibility, The kids are screwed.
Eddie Long is known by another name, Bling Bling. He preaches prosperity theology. Let's look at that in the context of 25 students getting screwed. I don't know what it costs to put a kid through state school in North Carolina, but I can tell you here in California is was ~$23K a year. I'm going to the $23K and assume 5 years of school per student. That's $2.8M of tuition paid to the university by the graduating class. Factor in the 39 other students in the educational pipeline for an additional $897K of income per year. In turn the University pays the church rental/lease income for the use of church facilities, administrative costs, and I would assume other fees as well. Somebody made money here. The students paid the bill.
In other news, Eddie Long announced a 1 million dollar gift to North Carolina Central University last week. Nothing suspicious here, move along folks, move along.