Their only penalty was $75,000? Sounds like "ask for forgiveness not permission" worked out pretty well for them here.
I assume they also have to come into compliance to avoid further fines, but given that they provide a legit educational service, that shouldn't be too hard for them.
To be clear, we were never trying to ask for forgiveness, we were told we didn’t need to ask for permission :)
We’re lucky to be big and VC-backed and growing fast. $75k would be near deadly to a lot of smaller schools, so I’m sure the BPPE sized the fees accordingly.
I replied before you started commenting and before I had the whole story. :) I wrongly assumed you were acting like most other startups and just figured "we'll sort it out later".
Their founder mentioned elsewhere in this thread that they are working with the state to get into compliance as soon as they got this notice. Looks like they weren't even trying to skirt the law, they just got bad advice.
I assume they also have to come into compliance to avoid further fines, but given that they provide a legit educational service, that shouldn't be too hard for them.