With the help of a friend of the family, 23-year-old Erik (Brad Rowe) gets a scholarship to the Ivy League-type school called Stonebrook. His dorm-mate (Seth Green) is a nerdy hacker named Cornelius. When his scholarship is yanked, the two of them team up to pull increasingly ambitious scams to keep him in tuition money, eventually crossing paths with mob boss Mr. Tali (Stanley Kamel).
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