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Incorrect numbers to use. From the NY Times Article on this topic (https://www.nytimes.com/2023/01/21/business/jpmorgan-chase-charlie-javice-fraud.html https:/
by rexreed 4y ago
Incorrect numbers to use.
From the NY Times Article on this topic (https://www.nytimes.com/2023/01/21/business/jpmorgan-chase-charlie-javice-fraud.html https://www.nytimes.com/2023/01/21/business/jpmorgan-chase-c...):
"Mr. Salisbury, a former director of institutional research and assessment at Augustana College, estimates that two million students start college each year for the first time. Having done the FAFSA once, he figured, most families wouldn’t seek help from a company like Frank the second time they needed to and beyond. So if Frank had served five million people in just half a decade, it would have captured a sizable share of new college students who needed financial aid."
Since this has to do with financial aid applications, the number of total possible customers / students is much lower than 20 million. Which means their 5 million number is WAY exaggerated.