In an email exchange with Postmedia News, the unemployedprofessor.com site centered in Montreal said it employs about 30 professors and doesn't guarantee top grades.
In the site's Frequently Asked Questions section, "Isn't it really unethical for you to be writing these essays for cash?" is answered with "Incredibly so, and because the academic system is already so corrupt, we're totally cool with that. We even all have matching tweed t-shirts."
Students register with a credit card number and then submit details of their project and the site's teachers bid against one another for the work.
The site's language is youthful and full of sarcasm along with typographical errors, such as "... our essays include all the supposes extras that our moronic competitors claim to shower on you..."
Catherine Bolton, dean of academic services at Montreal's Concordia University, told Postmedia she found the business to have reached a new low in learning.
"There are for sure teaching assistants and graduate students who do this, but professors?" she said.
Notable deaths of 2014 [PHOTOS]