Palmer Woodrow (Dana Olsen) is a rich prep school kid who rarely attends class and has been expelled from numerous prep schools. His parents are traveling internationally and inform him that he has been enrolled at Hoover Academy and he has one last chance to graduate or he will be cut off financially. Meanwhile, Eddie Keaton (Judd Nelson) is a small-time con artist who has run afoul of a local loanshark named "Dice." Via a chance meeting, Woodrow hires Keaton for $10,000 and a Porsche to attend his prep school and graduate, freeing Woodrow to travel to Europe for skiing.[3]
What will happen to the kid if he does not graduate?
He will be cut off financially