Season 2

A Season 2 of Undergrads to this date has not been produced. Pete Williams originally thought there would be a second season (the last scene of Screw Week ends with a testcard reading '2880 HOURS TO SOPHOMORE YEAR'), but only found out that Undergrads was cancelled when his MTV key card stopped working. MTV were reportedly approving of a second season at first, but pulled out at the last moment as Undergrads was seen as a financial failure to them.

Decode Entertainment, whose employees personally strongly liked the show, had been trying to fund a second season afterwards and had put up half of the necessary funds, with plans to produce the second season specifically as an original show for Teletoon, where the show had gained a cult following, but neither company had the money to do so, and MTV had already refused earlier. They tried to take it to Comedy Central to see if they would revive it, but it is unclear whether they either refused or were legally not allowed to as the show's intellectual property rights belonged to MTV. By this point Williams had heard of Decode and Teletoon's attempts to revive the series and he set up social media accounts to revive the series. Williams previously offered to do all the voices (including female characters) to save money.

On a blog post on Teletoon's forums on January 27, 2006, he still wanted to revive the series and so did Teletoon and Decode, and on his Myspace account he persuaded fans to bombard Adult Swim and Comedy Central with emails to revive the series , but MTV still owned the series rights. Williams then peruaded fans to flood Teletoon with emails, but by 2008 they had passed up on a second series, stating that they were busy with other shows. To salvage talks, he came up with a loosely related series that would take place in the same universe as Undergrads, We Got Issues.

After this, Williams was in talks with Decode Entertainment for a possible series of webcomics or webisodes in place of or as a second season, but these talks did not come to fruition either. The reason for this is unknown but it should be stated at this point that Funbag Animation, who was responsible for the design and animation of the series, shut its doors.

No real news of a second season passed until Pete Wiliams, along with Andy Rheingold and Josh Cagan held a ConBravo panel in Hamilton, Ontario. Expecting only a few guests, a full house turned to the panel and it had to be extended a day for those who had to be turned away. The three lead writers then started a campaign on MTV and DHX (inheritor of Decode) to get the rights back. However, the two did not want to have talks with each other, despite MTV having a low-scale animation revival and many Decode staff members who worked on Undergrads being present at DHX. The reasons are unclear but may include:


 * MTV simply did not want to fund a season 2
 * DHX not wanting anything to do with adult-oriented animation anymore
 * DHX's last adult series (Decode's Delilah & Julius) had finished in 2008.
 * DHX pushing their adult-oriented works out of public consideration
 * Undergrads is officially classified as "teen animation" by WildBrain, DHX's current name.
 * DHX moving on to other projects
 * Decode's Toronto headquarters being sold off
 * Teletoon's possible refusal of a second season
 * Teletoon's gradual scale-back on adult content culminating in the shutdown of Teletoon at Night in 2019
 * The closedown of Funbag Animation who animated Season 1

The other option was to get movie rights, which only needed MTV to sign them off and do nothingelse. After getting passed from lawyer to lawyer (with one giving them the rights to the name "Undergrads" only without the actual contents of the series), they got the rights to make Undergrads - The Movie in 2018, which was funded by Kickstarter without either MTV or WildBrain's funding.