BUSINESS.Aspen Group, Inc. ("AGI") is an education technology holding company. See the "Risk Factors" contained herein which disclose comprehensive regulatory risks. Return of Title IV Program Funds. If the government intervenes, it takes over primary control of the litigation. On July 1, 2019, DOE issued a new final GE Rule. Borrower Defense to Repayment ("BDTR"). Timing on establishing such a change has not been indicated by DOE. If we lose the services of key personnel, it could adversely affect our business. Our business is, and we expect it will continue to be, heavily reliant upon the Internet. Aspen University and USU participate in Title IV Programs. This rule is known as the 90/10 rule. We must monitor compliance with the 90/10 rule by both Aspen University and USU. Any of these alternative standards would increase our costs of regulatory compliance. Such suits may prompt the DOE investigations. In 2011, the DOE expanded the activities that constitute a substantial misrepresentation. General RisksDue to factors beyond our control, our stock price may be volatile.