Regent University is offering a $500 rebate to students who had been living on campus before being evacuated because of the coronavirus. However, this rebate is small in comparison to what we as students paid for housing.

650 on-campus students were evacuated.

650 evacuated students × $500 rebates=$325,000

650×$2,350 each student paid per semester of housing=$1,527,500 RU profit

$325,000 RU loss÷1,527,500 RU profit=21.26%

Regent is complaining about cutting 'too much of a loss' when they reimbursed only 21.26% of their income from evacuated students' housing payments, and that's assuming every student paid for the cheapest housing accommodation. The loss for those in the more expensive housing is even more as everyone is only getting $500.

Assuming every student stayed on campus for spring break and the week following (evacuation week), that means that each student stayed 10/16 weeks of the semester or 62.5% of what they paid to stay.

1-0.625=0.375

0.375×2,350=881.25

Therefore, Regent students did not stay in housing for 37.5% of the semester, the equivalent of $881.25. Yet we are only being refunded $500, less than half of our due! In other words, Regent University's 650 evacuated, formerly on-campus, students are cutting a 47.5% loss as opposed to Regent's 21.26% - and again, this is assuming every single student lived in the one-bedroom apartment. Realistically, however, Regent's loss percentage is even lower due to other, more expensive, housing arrangements and students who stayed off-campus, other than coming to get their belongs for spring break and evacuation week.

Romans 13:7 says, "Pay to all what is owed to them: taxes to whom taxes are owed, revenue to whom revenue is owed, respect to whom respect is owed, honor to whom honor is owed."

Please sign and share this petition to give Regent students the money back they deserve!!!