Starting from a Fake University-Chapter 21 - Parents let me explain_1

21: Chapter 21 Parents, let me explain_1

21 -21 Parents, let me explain_1

“Dad, Mom, let me explain…”

As soon as Ding Yue arrived home and told his parents about failing the College Entrance Examination, he was met with their combined barrage of questions.

Seeing his mom’s broom and his dad’s kitchen knife, Ding Yue trembled in the corner.

Thankfully, his sister Ding Xiaoyou was there to intervene.

She really came through for me in a pinch, he thought.

“Dad, Mom, calm down.

If you break his leg, you’ll have to pay a huge medical bill,” Ding Xiaoyou reasoned.

“Exactly, Dad, Mom, let me explain.

Even though I didn’t pass the College Entrance Examination and didn’t get into university, I founded a university!” Ding Yue gasped out his explanation.

“What exactly happened?

Your sister says you founded a university?” Ding Jianjun’s mood simmered down, and he slowly put the knife down.

“Yes, yes, the Mist City Arts and Science University is mine.

Look at these official documents I used for the foundation here…”

Ding Yue quickly grabbed the document bag from the tea table, pulled out the paperwork, and showed it to his parents.

All the papers officially recognized Ding Yue’s Mist City Arts and Science University.

“Let me see.”

Ding Xiaoyou leaned in to meticulously examine the documents.

Her brother’s university was indeed officially acknowledged as a private university.

“Mom and Dad, these documents are all legitimate.

My brother’s university is recognized by the state as a private institute,” Ding Xiaoyou explained to their parents.

Upon hearing their daughter’s words, Zhang Yuping slowly put down the broom she held, then turned to Ding Yue and asked, “How did you get these documents?”

“Ahem, that’s a long story.”

Ding Yue shifted into ‘salesman’ mode: “To be precise, I took over Mist City Arts and Science University from Siyuan Group.

They were poorly managing Mist City Siyuan University until it went bankrupt.

When they needed money, I easily dealt with the paperwork and bought the school’s campus for one hundred million yuan…”

Anyway.

Ding Yue’s explanations seemed plausible to his parents, especially when he presented the campus purchase agreement he signed with the Siyuan Group.

Ding Xiaoyou quickly looked up the Siyuan Group online for her parents.

The undergraduates included Siyuan University but had been mismanaged in recent years and several branches across the country had gone bankrupt, including Mist City Siyuan University.

“Bro, you’re really a business genius.” Ding Xiaoyou admired her brother for seizing the opportunity to buy a university simply because an education group was desperate to sell one due to poor management.

Ding Jianjun and Zhang Yuping both understand the situation now.

“So where did you get the money?

One hundred million, did you rob a bank?” Ding Jianjun asked about the ‘one hundred million’ used to buy the campus.

Just as Ding Yue was about to explain, Ding Xiaoyou beat him to it: “Dad, my brother was smart; he started enrolling students first then used the enrollment fee to purchase the campus from the Siyuan Group.”

“Exactly, I initially enrolled over nine thousand students.

According to the fee standard of private universities, the annual tuition and boarding fees amount to almost three hundred million yuan.

I used one hundred million to buy the campus and still have nearly two hundred million for running the university.

I will collect more fees with new admissions next year.

This business is fail-proof.” Ding Yue then said proudly with his hands on his hips.

“If it brings in so much, why did that…

what group…

”

“Dad, Siyuan Group.”

“Oh right, Siyuan Group.

Why did they sell the university?

”

Ding Jianjun asked again.

“Dad, because they couldn’t get enough students.

Recruiting a few hundred to a few thousand students a year, how could they not lose money?” Ding Yue answered nonchalantly, shrugging.

“Yes, Mom and Dad, I read it online.

The number of students enrolled at Mist City Siyuan University drastically decreased each year before it went bankrupt.

They couldn’t recruit enough students to keep the university running…” Ding Xiaoyou provided additional information for her brother’s explanation.

Ding Yue was touched.

Ding Xiaoyou can be considered the best sister in Xia Country, right?

“So, how did you manage to recruit students?” Zhang Yuping asked.

“Hehe, Mom, Dad, there’s a knack to enrolling students.

As a private University, the entry requirements are naturally lower, but the tuition fees are much higher.

Each year, hundreds of thousands of students fail the College Entrance Examination just like me…”

“You’ve got some cheek.” Mom, Zhang Yuping, suddenly interrupted.

“Mom, I might have failed the College Entrance Examination, but I founded a university through my cleverness and wisdom.

I can collect several billion a year in tuition fees, which is very profitable.

Every year, there are so many students who fail the examination.

Many of them still want to go to university, but their academic achievements aren’t great.

That’s how I got students for the Mist City Arts and Science University…

”

Ding Yue explained his philosophy of recruiting students based on their interests and hobbies to his parents.

At first, they didn’t quite understand.

But after Ding Yue and Ding Xiaoyou explained it, they finally got the gist of it.

“Aren’t you wasting their time by getting them to join your university?” Ding Jianjun criticized with his traditional mind-set.

“Dad, it might not necessarily be a waste.

Some people may not be good academically, but if they systematically and professionally study something they love, they might achieve something.” Ding Xiaoyou, as an outstanding student, had a positive outlook.

She never looked down on students struggling with their studies.

Each person, in her eyes, had their own value.

“Son, a group company couldn’t run the school properly.

What if your entrepreneurship fails, then…” Zhang Yuping started.

The parents understood that running a private university is like doing business.

If successful, it brings in money.

If it fails, though, it’ll be a debt, at best.

Zhang Yuping had seen plenty of news stories about failed businesspeople who ended up committing suicide by jumping off buildings.

“Mom, don’t worry, I will definitely run Mist City Arts and Science University successfully,” Ding Yue assured confidently.

With the machine behind him, Ding Yue could hardly fail, right?

Moreover, if he completed the relevant tasks, he would get a generous reward.

If he could elevate the university to the [Minor Achievements] level, he would get a cash reward of one billion and a top-tier laboratory!