NEW YORK

In a 2016 SEC Filing, Bridgepoint Education Saw The Borrower Defense Rule As A Threat To Its Business. In Bridgepoint's 2016 SEC filing, certified on March 7, 2017, the company asserted, "Under the new regulations regarding borrower defense to repayment, our institutions could face claims by students based on the expanded circumstances in which students may assert a defense to repayment of their student loans, and the Department may be entitled to seek recoupment of student loans discharged pursuant to the regulations. […] Any assertion by our institutions' students of defenses to repayment, including any resulting liability to, or remedial action against, our institutions, and any significant restrictions imposed on us or our ability to operate resulting from a requirement to post a letter of credit or other security, could damage our reputation in the industry and have a material adverse effect on enrollments and our revenues, financial condition, cash flows and results of..

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