May 18, 2012

Education Gap Widens Between Rich and Poor, Studies Say

rich vs poor

Today the New York Times announced a study that shows the widening education gap between rich and poor Americans.

Education was historically considered a great equalizer in American society, capable of lifting less advantaged children and improving their chances for success as adults. But a body of recently published scholarship suggests that the achievement gap between rich and poor children is widening, a development that threatens to dilute education’s leveling effects.

It is a well-known fact that children from affluent families tend to do better in school. Yet the income divide has received far less attention from policy makers and government officials than gaps in student accomplishment by race.

Now, in analyses of long-term data published in recent months, researchers are finding that while the achievement gap between white and black students has narrowed significantly over the past few decades, the gap between rich and poor students has grown substantially during the same period.

To read full article on the NY Times please click or paste the link below:

http://www.nytimes.com/2012/02/10/education/education-gap-grows-between-rich-and-poor-studies-show.html?_r=2&ref=education

Education Aid, Inc. Announces New Jersey Student is First Winner of $5,000 Support a Student Scholarship Program

ForprofitEDU.com is proud to be a partner of Educationaid.org

Education Aid, Inc. Announces New Jersey Student is First Winner of $5,000 Support a Student Scholarship Program

Rutgers University student benefits from innovative scholarship program.

Tenafly, NJ – (January 31, 2012) -  Education Aid, Inc. announced the winner for their first-ever self funded Support a Student Scholarship Program for a New Jersey student attending a New Jersey State school.  The recipient, Sasha Bostick, is a bachelor’s degree candidate studying Sociology at Rutgers University and a single mother of one.

 

The scholarship program was developed to help economically disadvantaged students who are at risk of dropping out of school due to a lack of financial support.  With the Support a Student Scholarship Program, Education Aid has developed an innovative approach to making education accessible to many students who would otherwise not be able to afford to go to school.  Students who need to work and go to school at the same time, especially single parents, face many responsibilities that sometimes prove to be too much of a financial burden and their education suffers as a result.

 

“In the Fall of 2011 I was thinking about dropping out of college after already taking 114 credits toward my major.  I am raising a son while attaining my bachelor’s degree.  I found myself having poor attendance because I could not afford daycare for my son.  Also, not having enough financial aid to pay for books was a major issue and caused me to fall behind in my courses.  I was selected to participate in this scholarship program through Education Aid and now I am receiving the daycare that I need for my son, enabling me to attend my night classes.  Education Aid also bought my required textbooks and replaced my broken computer, which I could not afford to fix.  I would not be enrolled in school this semester without this help, and will use this opportunity to attain my degree in Sociology.” ~ Sasha Bostick

 

She added that after graduating from Rutgers, “I hope to work in the field of Child Advocacy, which will allow me to give back to others the way that Education Aid has given to me.”

 

Bostick will be awarded $5,000 to pay for on-campus day care, textbooks, and school supplies for the 2012 Spring and Summer semesters.

Education Aid, Inc. is thrilled to be able to prevent a student from leaving school and enabling her to complete her degree.  “This type of aid is extremely limited and desperately needed by so many students,” said Karyn Balfour, the Founder and CEO of Education Aid.  “There are many costs, other than tuition, associated with earning your degree that typical financial aid packages do not cover,” said Balfour.  Without any financial support to help pay for these expenses, students are forced to work and go to school at the same time.  “When students are unable to pay for basic living expenses, they are put in a position where they need to choose between school and work.  Unfortunately, too many times they end up dropping out,” Balfour said.

 

About Education Aid, Inc.

 

It is the mission of Education Aid to change the lives of students around the country by providing them with the financial support they need to complete their education.  This is done through the Support a Student Scholarship Program. Participants of this Program will have payments made on their behalf for non-tuition related expenses that are not being covered by their current financial aid amounts.  Many economically disadvantaged students do not receive enough financial support to pay for such expenses and ultimately end up dropping out of school.  This Program was created to identify these students and provide them with the financial support necessary to enable them to complete their degrees.  You can read more about Education Aid at:   www.educationaid.org.

LeadsCon discount to ForProfitEDU.com Members!

For-Profit-Education Group Members,

LeadsCon Las Vegas 2012 is just six weeks away (February 28th and 29th). We were once again able to secure a special group discount of $200 off the current price and more than $400 off the on-site price.

In addition to two full days of conference sessions and networking, along with two receptions and a VIP after party, this year’s LeadsCon offers a few other goodies – a buyer’s only summit taking place on Monday, February 27th, and LeadsCon Playback – online access to sessions and interviews after the show available to all attendees.

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* Check out the Full Conference Program *
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Two full days of relevant and timely sessions:
http://leadscon.com/leadscon-las-vegas-2012/full-conference-program/

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* View the Exhibitor List *
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Your tickets gets you into the expo, along with all sessions and networking events:
http://leadscon.com/leadscon-las-vegas-2012/exhibitor-list/

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* See the List of Companies Attending *
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More than 500 have already signed up:
http://leadscon.com/leadscon-las-vegas-2012/companies-attending/

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* Buyer’s Only Summit *
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Exclusive content with no sellers, aggregators, or vendors:
http://leadscon.com/leadscon-las-vegas-2012/buyers-summit/

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* SAVE BIG *
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You MUST use this link in order to save. Registering through LeadsCon.com will result in you paying more:
http://leadscon.com/special-discount-for-profit-education-group/

(Offer valid on new registrations only. No refunds on existing registrations, but select cases will receive credit towards a future event. While supplies last. You MUST use this link above in order to save.)

We look forward to seeing you there!

2012 Advertising & Marketing Survey

ForProfitEDU.com Launches its Annual Lead Generation Benchmarking Survey Online. Employees & Executives at colleges who are members of the higher education community are invited to participate in this annual bench marking study to identify current trends and best practices in lead generation, advertising compliance & marketing

Monday, January 9th 2012 – New York, NY – ForProfitEDU.com announced today the launch of its Annual Lead Generation Benchmarking survey for the Higher Education sector. The survey, which is open to individuals that are directly involved with marketing in higher education, will examine where schools are focusing their online marketing efforts, what tools and tactics are most effective, and what challenges exist in this area. All survey participants may register to receive a free report with the results of the survey upon completion. According to BMO Capital Markets Equity Research, sales and marketing expenses can run above 30% of revenues for the majority of companies in the for-profit education space, with a growing proportion of that spend happening in online marketing. Despite this, there are very few objective resources that marketers in the education market can reference to get a better handle on the use of online marketing in the sector.

This survey will offer a clear set of benchmarks, while identifying current trends and best practices for marketing professionals.  When you complete this survey, you will be able to enter our sweepstakes for a chance to win a $100 Amazon.com Gift Card!

The survey takes approximately 5 minutes to complete, and can be accessed online at: https://www.surveymonkey.com/s/2012collegeadvertisingandmarketingsurvey

It will be open to respondents until March 15, 2012 and a report on the results will be made available to participants by the end of March. Must be currently employed or within last 6 months employed with a school or responsible for the exclusive advertising and/ or lead buying for a school.  All survey entries will be screened and validated!

About ForProfitEDU.com

ForProfitEDU.com is a leading website resource & Networking group (7000+ members) for all those who work within, around or are interested in the For-Profit EDU industry. The site offers networking, research, consulting, news updates and commentary from members of the For-Profit EDU community. Contributors include those from the school side, as well as those that work at related services firms including the investment community (investors, analysts, venture firms & PE firms), marketing & advertising professionals, educators & curriculum development, career services & other related service providers. ForProfitEDU also provides research and consulting services to schools & other service firms within the industry. Areas of expertise include Advertising, Lead generation, Marketing Strategy & Execution, Admissions, M&A, Raising capital, Market research and Partnering to create & grow online schools.

 

Interesting change in view from Motley Fool

Brian Stoffel from the Motley Fool recently wrote an article indicating he may have been totally wrong in his opinions relating to the for profit education industry.

I spent the better part of my first year at the Fool raging against the for-profit education community. And it was for good reason: Enrollment is dropping, they get too much money from the government, and students are defaulting on their loans at alarming rates.

But after watching a recent speech by innovation guru Clayton Christensen, I’m starting to wonder if I am reading the situation completely wrong.

1. Competing against non-consumption
Christensen says that most innovation comes from companies that are able to bring products to people that otherwise would have no access to them…

2. Using different metrics
A typical college or university focuses on the quality of the research being conducted by faculty as a preeminent metric for value and worth that a college has. While that might seem great, it doesn’t do much to ensure that students are actually being taught…

3. New customers will be enticed into the system
With the cost of sending a child to college sky-rocketing, more and more students may look at online schools as a viable alternative…

Link to complete article

 

Exclusive Invitation ForProfit EDU group members to attend The Capital Roundtable’s conference on Private Equity at a discount

ForProfitEDU would like to extend an exclusive invitation to you to attend The Capital Roundtable’s conference on Private Equity Investing in For-Profit Education Companies, being held on Thursday, January 12 in New York City.

As a partner, we have the privilege to put your name on our VIP list, allowing you to register for a special rate of $995 — $400 off the standard registration price.

This day-long conference is being chaired by Chris Hoehn-Saric, Senior Managing Director at Sterling Partners, and features 20 experts.

For registration or inquiries, just call Anna Fagan at 212-832-7300 ext. 0, or email her at afagan@capitalroundtable.com. Please be sure to mention our name”ForProfitEDU.com”.

For more details, click link below:
http://capitalroundtable.com/masterclass/Capital-Roundtable-For-Profit-Education-Private-Equity-Conference-2012.html

I hope to see you on January 12 for what promises to be a great day.

Have a Wonderful Holiday!

P.S. Since we expect this conference to attract a strong attendance, please register as soon as possible to reserve your seat.

CareerMotivations today announces it’s free assessment service for students and career changers

 

 

 

November 29, 2011

CareerMotivations today announces it’s free assessment service for students and career changers.   We provide a best in class validated assessment that helps prospective students determine career paths & college degrees which best fit their personal interests & motivations.  Combining a proven, reliable, fully validated assessment with the US Govt’s O’net, BLS & CIP code data allows us to provide an in-depth snapshot into one’s personal interests & motivations aligned with Career Path’s and associated College Degree programs.   Most agree that those who make well informed educational decisions are more likely to be students with higher retention, graduation & placement rates.
It’s about outcomes, we strive to ensure a Win – Win relationship between the student and the college.  Often students do not understand their motivations and therefore enroll in a path that leads to a lack of interest & boredom; when that occurs, the commitment vanishes and ultimately they drop out.  Since colleges are looking to improve outcomes and students are looking for guidance as to what’s right for them, CareerMotivations assessment provides that.
For Students: If you are a student or a working professional who is pursuing or advancing a degree, CareerMotivation’s online assessment can help you choose a specific degree that will lead you to your desired career path based on your personal motivations and interests. Selecting the right career path along with the associated degree program is an important step in reaching your future career planning, goals & success. Your personal career assessment will reveal your skills, interests, learning styles and motivation. The results are mapped to career & degree information which can be used as your guide for career development.
Solutions for Colleges: Colleges can offer the assessment to their prospective students  allowing both the student and the admissions reps to make a more informed decision.  We can map your college’s specific degree programs to the results allowing both admissions & prospective students to see which of your schools programs they are best suited for.  When you reach out to prospective students you can establish a value proposition and a trusted relationship with them & their families. The assessment when offered by your school will reinforce the importance of the decision they are looking to make and show them that you have their best interest in mind. What better way to establish a relationship of trust than by offering them a Free Career Assessment- one that helps them identify which career & educational path’s are available at your college is right for them. Advertising a Free Career Motivations assessment can also help attract new students, yield significant return with your recirc’s and reduce acquisition costs of students. Think of the relationship you establish with the prospective student and family when your admissions representative sits down with them to go over their results and helps them plan for their future and achieve their goals & desires.

Solutions for Call Center & Lead providers:

Lead providers can utilize a private labeled or co-branded version of the CareerMotivations assessment to increase lead generation volume and reduce the cost of prospect acquisition.  The registration can be customized to collect the data fields you require prior to users being able to take the assessment.  The registrations can be posted directly to your lead management system or dialer.  CareerMotivations believes the value of a lead who has taken an assessment is significantly higher than a lead alone.

 

About

CareerMotivations is an educational services company that specializes in providing interactive assessment solutions to secondary, post-secondary institutions and individuals. By capitalizing on proven techniques to determine a person’s educational and career motivations, we help identify mutually beneficial relationships between a student and their desired education and career path.

For more information on CareerMotivations services please visit www.careermotivations.com

 

Press Contact:

 

http://www.careermotivations.com/students/contact-us/

or email us at info (@) ffventures.com

Address:
14 Vervalen Street
Closter, New Jersey 07624

Phone: 201-564-7651
Fax: 201-215-0751

 

The Misrepresentation Rule and Third- Party Vendors

 


So many colleges have asked us for guidance on compliance and misrepresentation especially around the use of third party vendors.  While we are happy to discuss with you individually we wanted to share the following from APSCU:

Association of Private Sector Colleges and Universities (“APSCU”) has put out a memorandum giving guidance for the Misrepresentation rule and Third party vendors.

Internet brings many assets to higher education. As with multiple other industries, however, the misuse of the Internet can have harmful consequences for consumers and organizations. With the possibility of so many different entities involved in online student recruitment, APSCU felt it both appropriate and important to provide its members with this guidance.

Click Here to view Memo

Moneycollege: Where is the Billy Beane of Higher Education?

Interesting article from University Ventures Fund:

If you’ve seen Moneyball, the new baseball film about the unlikely success of the Oakland A’s and their out-of-the-box-thinking General Manager Billy Beane, you may have already drawn parallels to the current state of higher education. If not, we’re pleased to do it for you!

Like baseball ten years ago, higher education is focused on what’s easy to measure. For baseball it may have been body parts, batting average and the number on the radar gun. For higher education, it’s the 3Rs: research, rankings and real estate. Each of these areas is easily quantified or judged: research citations or number of publications in Nature and Science; U.S. News ranking (or colleges choose from a plethora of new entrants to the ranking game, including the international ranking by Shanghai Jiao Tong University); and in terms of real estate, how much has been spent on a new building and how stately, innovative and generally impressive it appears.

Unfortunately, the 3Rs correlate about as closely to student learning and student outcomes as batting average or fastball velocity, which is to say, not at all. Buildings are the “ugly girlfriend” of higher education.

Universities that continue to focus on the 3Rs in the wake of the seismic shifts currently roiling higher education (state budget cuts, increased sticker shock, technology-based learning) are either not serious about improving student learning and student outcomes, or they’re like the baseball fan who has lost her car keys in the stadium parking lot at night: Where does she look for them? Not where she lost them, but under the light because that’s where she can see.

To read the entire article: http://universityventuresfund.com/publications.php?title=moneycollege-where-is-the-billy-beane-of-higher-education

Is For Profit Education Dead?

for profit education dead?

New article by Michael Clifford on significant Ventures

Some would say that the for-profit postsecondary sector is on its last legs… DOA. Capitalism.” He calls this framework for success his Four Gospels of Higher Education:

Fifteen publicly traded education companies have seen their stocks decline by 33% on average since December 2009 versus a 5% increase for the S&P 500. Media accounts abound of allegations regarding improper practices at publicly traded companies, including marketing misrepresentation and fraudulent reporting of placement rates. Twenty state attorneys general are investigating for-profit institutions. No other sector has been as demonized as the for-profit sector has among state and federal politicians over the past several years.

to read the article in its entirety: http://significantfederation.com/eblast/2011.09.14/landing/

 

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