Can anyone give me suggestions on how to respond to the following

Scenario 1: The trip scheduled to Mexico during spring break has been cancelled due to the bankruptcy of the bus company.

I must tell 25 classmates that the trip has been cancelled and that they have lost their 100.00 deposit. I need help on how to convey this information and still uphold their goodwill towards me.

http://www.jiskha.com/search/search.cgi?query=trip+scheduled+to+Mexico+during+spring+break

Please go through these previous answers to this question. (You can probably skip the ones that refer to "readability.") There are also responses in those links.

=)