Tag: Higher education

Ninety-Eight Percent of Students and Families Successfully Managing Private Student Loan Payments According to 11th Edition of MeasureOne Report
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Press Release
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updated: Dec 20, 2018
SAN FRANCISCO, December 20, 2018 (Newswire.com)
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Students and families are responsibly using private student loans to cover college costs with close to 98 percent successfully managing payments according to the 11th edition of MeasureOne’s Private Student Loan Report.

Private student loans, which are made based on a robust assessment of creditworthiness and ability to repay, make up approximately 7.6 percent of total student loans outstanding as of Q3 2018. The remaining 92.4 percent of the $1.56 trillion in student loans are federal loans owned and managed by the Department of Education.

The MeasureOne Private Student Loan Report reflects data as of end-Q3 2018 for private student loans and does not include federal student loan data.

As of the end of Q3 2018, the report found:
- Early-stage delinquency (30 to 89 days past due) rate was 2.73 percent of loan balances in repayment; the late-stage delinquency (90+ days past due) rate was 1.75 percent.
- Annualized defaults were 2.19 percent of loan balances in repayment. Loans in forbearance were 2.39 percent.
- Private student loan originations in AYTD 2018/19 (Q3 2018 only) was $3.65 billion, up 11.23% year-over-year.
- The total outstanding balance for private student loans represented in the MeasureOne Report was $66.28 billion.
- On new originations, undergraduate loans accounted for 87.85 percent and graduate loans 12.15 percent of loans originated in AY 2017/18. The ratios for AYTD 2018/19 were 89.80 percent and 10.20 percent respectively.
“The MeasureOne Private Student Loan Report continues to confirm the stability and health of the private student loan market,” said Dan Feshbach, CEO for MeasureOne. “The growth in originations along with low delinquency and defaults and judicious use of forbearance show that students and families are sensibly using private student loans to cover higher education costs.”

This semi-annual report includes continuous contributions from the MeasureOne Private Student Loan Consortium, a data cooperative of the six largest student loan lenders and holders: Citizens Bank, N.A., Discover Bank, Navient, PNC Bank, N.A., Sallie Mae Bank and Wells Fargo Bank, N.A.

The most recent report includes more performance data than ever before. In addition to the original six Consortium members, the Q3 2018 report includes the following eleven contributors: College Ave Student Loans, Navy Federal Credit Union and 9 members from the Education Finance Council. In total, these 17 data contributors represent 62.14 percent of the private student loans outstanding in the U.S.

The full MeasureOne Private Student Loan Report is available at https://www.measureone.com/psl.php

About MeasureOne

MeasureOne, founded in San Francisco with offices in Dallas, TX, specializes in data and analytics serving the $1.56 trillion-dollar student loan market, the second largest form of consumer credit in the U.S. The company developed the first and only Private Student Loan Consortium, a data cooperative of the nation’s largest lenders and holders of private student loans. MeasureOne evaluates academic and loan performance data to increase understanding of consumer lending, academic success, and employment opportunities. For more information about MeasureOne, visit www.measureone.com.

News Media Contact:
Samantha Gomes
949.533.4559
newsmedia@measureone.com

Source: MeasureOne
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December 20, 2018
Ameritech Financial: The People Have Voted and the Result for Higher Education is Undecided

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ROHNERT PARK, Calif., November 14, 2018 (Newswire.com)
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Policymakers and educators have been looking at the fallout from the recent midterm elections and see a number of higher education issues that may be affected. Betsy DeVos, Secretary of the Department of Education (DOE), has moved to undo or limit many Obama-era regulations. This includes weakening rules aimed to hold colleges accountable for the repayment of federal loan debt of their students. Until now, DOE regulatory changes have been encouraged by the administration but held up in state and federal courts. Now, with a Democrat-controlled Congress that is invested with the “power of the purse,” these regulatory changes could be further delayed by withheld congressional funding. Depending on perspective, limiting the DOE might result in less educational choice or upheld standards for colleges that produce students unable to keep up with their student loan debt. No matter the outcome, Ameritech Financial, a document preparation company, will continue to help borrowers overwhelmed with student loan debt apply for and maintain enrollment in federal programs, such as income-driven repayment plans (IDRs) that can possibly lower monthly payments based on income and family size.

“The political climate is intense and deeply divided, but our goals remain clear,” said Tom Knickerbocker, executive vice president of Ameritech. “We help borrowers who are unable to keep up with their student loan debt. We guide our clients through the sometimes overly complex processes and act as their trusted advocate as they deal with their loan servicers.”

The political climate is intense and deeply divided, but our goals remain clear.

Tom Knickerbocker, Executive Vice President of Ameritech Financial

Aside from oversight on institutions to be accountable for the ability of students to repay their student loans, a Democratic Congress might also oppose DOE changes to how colleges handle cases of sexual misconduct under Title IX and plans to rewrite college accreditation regulations. Democrats, such as Patty Murray of Washington, have been bitterly critical of DeVos and will have more power since her party now has agenda-setting power in the house. Unfortunately, bitter partisan fights will make larger bipartisan legislation, such as a bill to reauthorize the Higher Education Act, more difficult to achieve. Tensions between Republican Senator LaMar Alexander of Tennessee and Murray are already high and may get in the way of any possible dealmaking between Congress and the Senate.

Though voter numbers are not yet finalized, it appears that students voted in higher numbers than in previous midterms. In Alachua County, home of the University of Florida, voting numbers jumped from half of registered voters in 2014 to 63.6 percent of voters. In Monroe County, where the Indiana University of Bloomington calls home, they ran out of preprinted ballots and had to rush more to the polls after an unprecedented turnout. On some colleges, shuttles bussed students to polling places, while student walkouts across the country sent young voters to county voting locations.

Two races for governor, in Ohio and Wisconsin, were closely associated with higher education. Ohio Democratic candidate Richard Cordray lost his race against Republican candidate Mike DeWine, despite running on his record of being chief of the Consumer Financial Protection Bureau, which aggressively sued for-profit colleges and questioned colleges making deals with particular banks for student debit cards. On the other hand, Wisconsin governor Scott Walker lost to Democratic rival Tony Evers after being highly criticized for applying stringent austerity measures to the state’s public universities and technical schools, which increased the burden of tuition on families and students, resulting in increased student loan debt.

“It’s always difficult to predict what will happen, though it may be possible to guess that bipartisan political solutions will be hard to come by with parties and people so divided,” said Knickerbocker. “We will continue helping our clients, working with them for years to come and assisting them in applying for certain repayment programs and recertifying their family sizes and income in their efforts to keep their payments as low as possible. Through such programs, hopefully, they will enjoy more financial breathing room they so desperately need.”

About Ameritech Financial

Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.

Each Ameritech Financial telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).

Ameritech Financial prides itself on its exceptional customer service.

Ameritech Financial Newsroom

Contact

To learn more about Ameritech Financial, please contact:

Ameritech Financial
5789 State Farm Drive #265
Rohnert Park, CA 94928
1-800-792-8621
media@ameritechfinancial.com

Source: Ameritech Financial

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November 14, 2018
Congressman Jim McGovern Addresses SHECP Opening Conference

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Congressman discusses poverty, hunger and solutions with college students before they begin internships at nonprofits across the country.

Press Release
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updated: Jun 13, 2018

ARLINGTON, VA, June 13, 2018 (Newswire.com)
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Representative Jim McGovern of Massachusetts was the keynote speaker at the Shepherd Higher Education Consortium on Poverty’s 2018 Frueauff Opening Conference, at Marymount University, June 8.

There, more than 130 interns, faculty advisors and ambassadors listened to the ranking member of the House Rules Committee, and founder and co-chair of the House Hunger Caucus, share his views on poverty, hunger and solutions to address these issues.

“It was an inspiration to hear from such bright and talented students about their commitment to tackling poverty in America. I’m grateful these young leaders are stepping up to build a future where everyone is valued and no one is left behind, and proud of everything they’re doing to make a positive difference in communities across our country.”

Congressman Jim McGovern, U.S. Representative, Massachusetts 2nd District

“It was an inspiration to hear from such bright and talented students about their commitment to tackling poverty in America,” said Congressman McGovern. “I’m grateful these young leaders are stepping up to build a future where everyone is valued and no one is left behind, and proud of everything they’re doing to make a positive difference in communities across our country.”

McGovern remarked that “budgets are moral documents” and that tackling poverty is not a political issue, but rather a matter of values. He encouraged the students to treat everyone with dignity and respect, adding that if “we do this right, we’re all going to do better.” To emphasize his point, he shared the story of a family he met in Colombia. Because of a U.S. government-funded food program, a mother was grateful that her son did not have to join warring paramilitary groups to survive.

Beyond his remarks, McGovern took questions from the interns.

“How do you navigate your passion with self-care?” asked one student—an important topic, considering that the interns will spend the next eight weeks working at nonprofits in cities across the country. McGovern shared that he finds solace from the grind of Washington by going to his favorite coffee shop back home to simply meet and talk with others.

“We can’t thank Congressman McGovern enough for taking the time to not only share his views but to truly engage with and inspire our interns,” said Dr. Brett Morash, SHECP executive director. “By being here, the congressman demonstrated to these young adults that they can make an impact through their actions. The congressman is advocating for programs that continue to have both a national and international impact on improving safety and security.”

Before leaving, McGovern left the SHECP interns with the following charge: “You’re already leaders. I’m looking for you to step up.”

To learn how you can support SHECP and its internship program, visit ShepherdConsortium.org.

About the Shepherd Higher Education Consortium on Poverty: The Shepherd Higher Education Consortium on Poverty (SHECP), is a consortium of colleges and universities that are committed to the study of poverty as a complex social problem, by expanding and improving educational opportunities for college students in a wide range of disciplines and career trajectories. SHECP institutions support undergraduates toward a lifetime of professional and civil efforts to diminish poverty and enhance human capability. For more information, please visit ShepherdConsortium.org, or visit us on Twitter at @TheSHECP.

Source: Shepherd Higher Education Consortium on Poverty

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June 13, 2018
iTEP International Receives Presidential Award for Exports

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English proficiency test provider is first language assessment company to receive award

Press Release
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updated: May 21, 2018

LOS ANGELES, May 21, 2018 (Newswire.com)
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U.S. Secretary of Commerce Wilbur Ross presented iTEP International with the President’s “E” Award for Exports at a ceremony in Washington, D.C., on May 21. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.

“iTEP International has demonstrated a sustained commitment to export expansion,” said Secretary Ross in his congratulatory letter to the company announcing its selection. “The ‘E’ Award Committee was very impressed with iTEP International’s innovative marketing and sales strategies customized to individual markets. The company’s use of partnerships to develop sales in 51 countries was also particularly notable. iTEP International’s achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs.”

Since launching in 2008, iTEP has continually sought to expand what an English assessment tool allows for by creating a better user experience and richer data set. In doing so, we have expanded the market for English assessment tools as a whole, and we are honored to receive the ‘E’ Award as a result of this work.

Jemal Idris, President, iTEP International

iTEP International is the creator of the International Test of English Proficiency (iTEP) suite of internet-based language assessment tools. iTEP exams are used by educational institutions, companies, and governments across 51 countries for admissions, placement, hiring, and progress tracking of non-native English speakers.

“Since launching in 2008, iTEP has continually sought to expand what an English assessment tool allows for by creating a better user experience and richer data set,” says iTEP International President Jemal Idris. “In doing so, we have expanded the market for English assessment tools as a whole, and we are honored to receive the “E” Award as a result of this work.”

While many education entities have been honored over the years, iTEP International is the first English assessment company to receive the President’s “E” Award since it was established in 1961 by President Kennedy. In total, Secretary Ross honored 43 U.S. companies and organizations from across the country with the President’s “E” Award for their role in strengthening the U.S. economy by sharing American ingenuity outside of our borders.

The award is based on four years of successive export growth in one or more international markets. iTEP International’s largest international market is China with more than 100 test centers and partnerships with some of the largest education organizations in the country. Other key markets for iTEP include Mexico, Colombia, Japan, and South Korea.

Media Contact:
Jason Simms
Phone: 860.322.4754
Email: jason@simmspr.com

Source: iTEP International

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May 21, 2018
American Indian Graduate Center Receives Million Dollar Grant From Wells Fargo

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Press Release
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updated: Dec 19, 2017

ALBUQUERQUE, N.M., December 19, 2017 (Newswire.com)
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American Indian Graduate Center (AIGC), the leading provider of scholarships for Native American and Alaska Native students in the U.S., has had the support of Wells Fargo since 2007. At that time, Wells Fargo established an endowment with AIGC to provide scholarships for higher education.

It is this kind of support that allows AIGC to award an average of $15 million annually to deserving undergraduate and graduate students. AIGC is proud to empower tribal students from 274 tribes in 43 states, with over 20 educational funding opportunities and support services.

Wells Fargo has been a wonderful partner for AIGC and shares our vision of empowering the next generation of Native leaders through higher education.

Angelique Albert, Executive Director, AIGC

In 2014, Wells Fargo awarded AIGC a three year, $3 million grant to provide scholarships and student services. This allowed AIGC to expand its student services to include webinars, online resources and the Know Before U Go (KBUG) program for high school students. Since the KBUG program began in 2016, AIGC has held 10 events in nine different cities and online. These events have helped 767 Native high school students and their families learn more about college preparation, financial aid and scholarships.

AIGC is delighted to now receive the $1 million Wells Fargo Partnership for Higher Educational Success grant. By adding this grant to the previous $3 million dollar grant, Wells Fargo has extended a three year program for an additional year.

American Indian Graduate Center
3701 San Mateo Blvd. NE, Suite 200
Albuquerque, NM 87110
505-881-4584
www.aigcs.org

Contact: Sharon Moore, Marketing Director
505-884-0427 x102 | sharon@aigcs.org

Wells Fargo
Government and Community Relations
4141 Inland Empire Blvd., Suite 350
Ontario, CA 91764
Contact: Cora Gaane, Tribal Advocate and Senior Relationship Manager
909-481-6515 | gaanec@wellsfargo.com

Source: American Indian Graduate Center

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December 19, 2017
Trial Finds New Learner Analytics Software Helps 15 Percent More Students Achieve Top Class Degrees, and Improve Student Retention

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U.K. education technology firm to enter U.S. market – negotiating to launch trials with U.S. colleges in 2018

Press Release
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updated: Oct 23, 2017

BOSTON, October 23, 2017 (Newswire.com)
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Solutionpath, a U.K. education technology business is set to revolutionize the way universities are able to harness their student data after a three-year trial of its pioneering analysis and monitoring software. The pilot project, at Nottingham Trent University in the U.K., has demonstrated marked improvements in students’ academic performance, with over 15 percent more of their students now achieving top-class degrees.

Solutionpath, founded in 2012, has developed a software product called StREAM which measures and analyses student ‘engagement’, accurately identifying students who are at risk of early withdrawal from their course, or of under-achieving academically.

There’s a very clear association between students using the StREAM software, and their academic success, particularly when compared to their peers who were not using it.

David Woolley, Head of Schools, Colleges and Community Outreach, Nottingham Trent University

The software will be launched in the U.S. at the EDUCAUSE Annual conference at the Pennsylvania Convention Center on Oct. 31.

The firm has already met with several U.S. colleges and has announced it will embark on initial data analysis and verification projects, and Beta testing of their enhanced U.S. software package early in 2018.

The company’s sophisticated analytics software monitors and assesses digital interactions logged each time a student ‘engages’ with the university or college by carrying out day-to-day activities such as using the library or attending a lecture, alongside data on academic progress. The resulting analytics enable universities to identify students at academic risk at a much earlier stage so that staff can intervene and offer the help and support required.

Solutionpath has been working with Nottingham Trent University for the past three years, trialing and developing the system with undergraduates. The software is particularly valuable in the first year of students’ degree courses, one of the most common times for problems to arise in the transition from high school to university.

David Woolley, head of schools, colleges and community outreach at Nottingham Trent University, said: “There’s a very clear association between students using the StREAM software and their academic success, particularly when compared to their peers who were not using it.

“We saw some impressive results: in 2015-16 over 65 percent of students who used the Solutionpath software achieved a 2:1 or first class degree compared to just under 50 percent of students who did not use StREAM. Students who used it more often were even more successful, with 72 percent of those who logged in ten or more times scoring a 2:1 or first.”

Howard Hall, CEO and co-founder of Solutionpath, said: “While the analytics that StREAM delivers are highly complex, as the trial with Nottingham Trent has shown, the benefits for both students and universities of using big data in this way are beautifully simple. Dropping out of university or under-achieving in their degree can be a personal disaster for a young person and extremely worrying for their family, and for the university, the loss of course fee revenues involved is significant too.

“Our analytics not only help prevent a student reaching these crisis points where they no longer feel they can continue with their studies but also help keep students engaged and motivated to achieve the best academic outcomes they can.”

“We need to ensure we find the right collaboration partners as our first U.S. clients, as we are adding more features and aspects to the software specifically to meet the needs of the U.S. market, but already the feedback has been fantastic and we are excited about our 2018 launch here,” concluded Mr. Hall.

Solutionpath is currently working with 11 universities in the U.K. and Australia. Further information can be found at http://www.solutionpath.co.uk.

ENDS

For further media information contact Sarah Hone at Great British Marketing on (+44) 1423 569999 email sarah@appealpr.com or call Paul Snape on (+1) 617 275 2706 or email paul@appealpr.com.

Source: Solutionpath

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October 23, 2017
German International Business Schools on the Rise, Says Schiller International University

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Press Release
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updated: Jun 29, 2017

Heidelberg, Germany, June 29, 2017 (Newswire.com)
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Due to recent political events in the U.K. and the U.S., Germany has become more attractive to international students. “Both the Brexit and the presidential election of Trump originated in stricter immigration controls,” says Tanja Ward, Director of Schiller International University Heidelberg. “Our business school, where only 5-8 percent of the current MBA class is German-born, is currently recording a growing number of international applicants.” Mrs. Ward acknowledges that Germany insists on students owning residence cards at an extra cost, but it offers visa-free entry not only to students arriving from the EU but also to applicants from the U.S., Canada, Australia, Morocco, South Korea and Japan. This is clearly an advantage German business schools have compared to the U.K. and the U.S.

Apart from the low entry barriers, tuition costs are another advantage to business education in Germany. The € 21.000 fee for Schiller International University Heidelberg’s one-year MBA programme is low compared with business schools in the U.K. which charge around €60-80.000. Besides, Schiller International University offers students the unique opportunity to transfer between four international campuses and earn a double degree in Europe and the U.S.

“Both the Brexit and the presidential election of Trump originated in stricter immigration controls. Our business school, where only 5-8 percent of the current MBA class is German-born, is currently recording a growing number of international applicants.”

Tanja Ward, Director of Schiller International University Heidelberg, Germany

Germany was known to underperform in business education until now
However, charging students for degrees has been questioned by Germany’s publicly funded universities for a long time. And Germany has less highly ranked MBA institutions compared to the U.K. and France, Spain, Singapore and Australia, Schiller International University being among them. “The German higher education, historically focusing on the diploma, is part of the reason for this,” says Ward. The diploma took longer to complete than degrees in other countries but was seen as equivalent to a postgraduate qualification, like the MBA, in Germany. An expensive business education offered few advantages for those seeking promotion. But with the German education system radically changing, Germany is beginning to find its way and MBA recruiters are taking notice. “The future looks brighter,” says Ward. Applications at Schiller International University Heidelberg for the full-time MBA programme rose remarkably in the first quarter of this year compared to the last semester of 2016. And the fact that Germany has recently been attracting more international students looking to enter high-paying business sectors means that it will begin to compete with U.K. and U.S. business schools.

Source: Schiller International University

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June 29, 2017