This is one of the most important pieces we have ever put out. It is a lengthy read, but well worth it. One of the most shocking findings? A small university in Indiana keeps a second, separately registered federal record that almost nobody opens. On that record sit 9,123 graduate students, 98.3% of them foreign nationals. Trine University. Trine paid roughly $16 million to a single recruiting agency that runs its offices out of Hyderabad and Warangal. The person that agency lists as its contact is the same person Trine's own press release calls its director of international graduate student recruitment. None of those payments appear anywhere in eleven years of Trine's audited financial statements. Campbellsville paid a different Indian recruiting agency $35,759,678 and reported the purpose to the IRS as one word: marketing. Harrisburg paid a broker in Smithfield, Utah roughly $75 million on a contract worth $6,000,000 a year plus 10% of the tuition of every student who came back. That same broker sells the identical product to seven universities. Every dollar figure came from a government filing. Nothing in here is estimated.