Senator Harkin took issue with success of the company saying that while Bridgepoint may have had record profits the students were not succeeding. According to information provided by Senator Harkin in the committee hearing, 63% of students who enrolled at Ashford University during the 2008-2009 school year withdrew before completion of their prospective program. Senator Harkin pointed out that Bridgepoint recorded more than $216 million in profits in 2010; of which 86.5 percent of its revenues come from federal funds. In reference to the dependence of Bridgepoint on public funds, Senator Harkin was quoted as saying, "I think this is a scam, an absolute scam."