TALENT DEVELOPMENT, ENTREPRENEURS, AND LEADERS
edX | September 23, 2022
The London School of Economics and Political Science, a member institution of the University of London, and edX, the global online learning platform from 2U, Inc., today announced the launch of LSE's first two MicroBachelors® programs in Statistics Fundamentals and Mathematics and Statistics Fundamentals as well as An Introduction to Pre-University Mathematics, its first Massive Open Online Course. LSE is the first university to expand its degree partnership with 2U to launch a series of edX microcredentials that provide learners with a flexible, stackable pathway towards pursuing a fully online undergraduate education.MicroBachelors® programs deliver immediately transferable skills while providing a pathway towards pursuing a full Bachelor's degree. Each of LSE's new MicroBachelors® programs includes four university-level courses from leading LSE faculty. Learners who successfully complete a MicroBachelors® program from LSE and are admitted into select online undergraduate degree programs from the University of London, with academic direction provided by LSE, will be eligible to apply for recognition of prior learning (RPL), creating an accessible pathway into the degree program. The Introduction to Pre-University Mathematics MOOC, which is free to audit, will expand access to a foundational mathematics education worldwide. It will also teach the competencies required to succeed in university-level courses, including LSE's new MicroBachelors® programs.
"Over the past five years, our partnership with 2U has enabled LSE to become a leader in digital education, bringing high-quality education to life online. We've reduced barriers, removed international borders, and extended our reach,Building on our partnership, the new innovative offerings from LSE on edX create an incredible opportunity for us to further increase our global impact by providing a vast community of learners with a clear pathway to gain the critical mathematics and statistics knowledge to achieve academic success."
Wim Van der Stede, Academic Dean for Extended Education at LSE
The school's initial partnership with 2U has played a role in LSE's strategy to expand its educational offerings and make teaching, learning, and research accessible to people who wouldn't have been able to access the institution in traditional formats. To date, over 26,000 learners have completed online certificate courses offered through LSE and 2U, and over 1,000 students have enrolled in its online undergraduate degrees powered by 2U. The addition of the MicroBachelors® programs and MOOC will help further expand LSE's reach to over 45 million learners around the globe.The launch of LSE's first MicroBachelors® programs and MOOC demonstrate the power of 2U and edX to expand access and increase the affordability of higher education at one of the world's most renowned social sciences institutions," said 2U Co-Founder and CEO Christopher "Chip" Paucek. "Creating new pathways to degree attainment is an essential part of edX's mission to unlock the potential of our community of 45 million learners worldwide, and we're thrilled to expand our partnership with LSE to bring that mission to life through the first truly stackable path to a fully online undergraduate degree.
About London School of Economics
The London School of Economics and Political Science (LSE) is an internationally renowned university specialising in the social sciences. Its expertise spans a wide range of disciplines from economics, politics and law, to sociology, health policy, accounting and finance. As one of the most international universities in the world, the School's diversity of people, ideas and interests make it an exciting centre for research, teaching and public engagement. Established in 1895, the original vision of LSE as 'a community of people and ideas, founded to know the causes of things, for the betterment of society' remains true to this day. It continues to use its research-led expertise to influence governments, NGOs, businesses and others to help tackle the world's most pressing problems. For more information visit lse.ac.uk .
edX is the education movement for restless learners and a leading global online learning platform from 2U, Inc. ( Nasdaq: TWOU). Together with the majority of the world's top-ranked universities and industry-leading companies, we bring our community of over 45 million learners world-class education to support them at every stage of their lives and careers, from free courses to full degrees. And we're not stopping there — we're relentlessly pursuing our vision of a world where every learner can access education to unlock their potential, without the barriers of cost or location.
Flywire | July 14, 2022
Today, Flywire Corporation , a global payments enablement and software company, announced that it has completed the acquisition of Cohort Go, an international education payments provider that brings additional students, agents and essential student services to Flywire. The acquisition will build on Flywire’s existing education business to accelerate the growth of its agent focus and team, deepen its commitment to product and payment innovation, and further invest in Asia-Pacific (APAC), a key geographic focus for Flywire.
Cohort Go’s core focus is on providing international students with the ability to make cross-border tuition payments through international agents. Cohort Go’s agent platform is expected to bolster Flywire’s existing agent solutions to deliver even greater value to educational institutions, agents, and students. Additionally, with partner relationships in almost 40 geographies, Cohort Go’s global footprint and penetration in APAC and Latin America also present new growth and expansion opportunities for Flywire.
“Recruiting agencies play a critical role in the international student journey by assisting students in finding placements in higher educational and other institutions. “Cohort Go has been prominent in this space, with a network of over 1,000 agent partnerships, including some of the most prestigious student recruitment agencies in the world.”
Mike Massaro, CEO of Flywire
Massaro continued: “As we continue to invest in our Flywire Advantage – the combination of our next-gen payments platform, proprietary global payment network and industry-specific software – we seek opportunities to embed deeper into the workflows of our clients, agents and payers, with the goal of driving more value for them. Cohort Go’s successful agent platform, global footprint and adjacent services complement our existing capabilities and will help us power the higher education ecosystem into the future.”
Growth in international student recruitment indicates strong secular trend
Recent research suggests that the international education industry is poised for significant growth. According to new data from the market intelligence firm HolonIQ, 8 million international students will be enrolled with foreign higher education institutions by 2030 – 3 million more than were abroad in 2019 – and that their total spending will amount to more than double what it was before the pandemic.
As the demand for higher education accelerates, education agents are expected to play a critical role in international recruitment. Estimates from the international education consultancy, ICEF, suggest that more than 1 million students are placed through agents around the world, and rising. According to a 2021 report from the American International Recruitment Council and the National Association for College Admission Counseling, nearly half (49%) of U.S. colleges who responded were partnered with education agents, which is up from 36% of U.S. in 2017-2018. Agent growth is also on the rise in other popular higher education destination markets like Canada, whose international student population has grown sixfold over the past two decades.
Cohort Go was founded in 2012 by industry experts Mark Fletcher and Paul Jones, who combined their respective expertise in banking and commercial software to enable students to pay for their international education using their local currency, saving on fees and transfer rates. Grounded in their aligned vision to deliver value to the broader education ecosystems, the founders continually sought ways to work with education agents, institutions and students alike, and evolved their single solution into an online platform that offers a tailored experience, with capabilities to reduce costs, increase choice and improve productivity.
Today, Cohort Go partners with more than 1,000 agents globally. Students from more than 180 countries have leveraged Cohort Go, which services more than 60 currencies with local specialists all over the world. The integration of Cohort Go into Flywire’s existing agent platform will enable Flywire to provide even more value to agents, payers, and educational institutions.
Combination of software and payments powers future vertical ecosystems
Cohort Go’s strong regional focus in APAC, global agent relationships, and its existing payment infrastructure will help Flywire bolster its global payment network. Cohort Go’s relationships with payment partners all over the world will add to Flywire’s network of partners, further supporting Flywire’s clients and payers across all vertical industries.
Additionally, the acquisition of Cohort Go also enhances Flywire’s ability to accelerate Flywire’s roadmap to enable a broader suite of financial services targeted to international students and other payers. Already, Cohort Go is improving the way students pay for and save on health insurance, which augments Flywire’s focus on adding more value through its payer services.
“Working with our clients on delivering high-stakes, high-value tuition payments, we’ve continued to discover pain points in the education ecosystem that we believe we’re uniquely positioned to solve,” Massaro continued. “Cohort Go gives us an opportunity to accelerate the investment we have been making to further extend our value proposition to international students. With our Flywire Advantage, we can apply our existing framework of using software to drive value in payments to solve very specific use cases.”
Complements strong organic growth
The acquisition of Cohort Go is a continuation of Flywire’s long-term plan to supplement its strong organic growth and continually expand across all business lines. The acquisition is expected to be modestly accretive to revenue and Adjusted EBITDA. More details will be shared on the upcoming earnings call scheduled for August 9, 2022.
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Verizon | July 07, 2022
Verizon Innovative Learning, the company’s signature education initiative focused on addressing barriers to digital inclusion for over a decade, is rebranding and expanding its free project-based enrichment program to Verizon Innovative Learning STEM Achievers. Previously known as two separate programs, Young Men of Color and Young Rural Women, the new Verizon Innovative Learning STEM Achievers program, in partnership with the National Association for Community College Entrepreneurship (NACCE), will offer a more inclusive learning environment while still providing middle school students in under-resourced communities with the opportunity to discover new problem-solving skills and gain exposure to career opportunities in STEM fields.
Verizon Innovative Learning STEM Achievers will continue to offer an engaging, hands-on experience developed to enrich learning through design thinking, 3D printing, augmented reality, social entrepreneurship and mentorship. Developed by Arizona State University's Edson Entrepreneurship + Innovation Institute, the program’s interactive curriculum centers around four educational tracks: immersive media, smart solutions, digital product innovations and artificial intelligence. The year-round program, which begins with a summer immersion experience and then hosts one STEM Enrichment day in the fall and spring for new and returning students, is held in partnership with a total of 44 Historically Black Colleges and Universities (HBCUs), Hispanic-Serving Institutions (HSIs) and community colleges across the country.
“One of the core tenets of Verizon Innovative Learning STEM Achievers is to expose students to emerging technologies and teach students to think broadly about how technology can make the world a better place. “Since the program launched in 2017, we’ve been able to reach thousands of students, not only through hands-on learning, but through mentorships that help to deepen their connection to STEM, as well as build their confidence and leadership skills outside of the classroom.”
Alex Servello, Director of Corporate Social Responsibility at Verizon
“Being a part of Verizon Innovative Learning STEM Achievers gave me access to amazing technology, which allowed me to enhance my skills in STEM and build upon my innate design capabilities,” said Christopher, a 16-year-old student who previously participated in the program at Tuskegee University. “Through the program I also met great new friends and mentors and learned about the latest trends in technology. I enjoyed each day of the program and was always excited to see what new experiences we would engage in next.”
Verizon Innovative Learning HQ, next-gen learning for all
Students and teachers can also take advantage of Verizon Innovative Learning HQ, Verizon’s new, freely available open access education portal that scales the resources of Verizon Innovative Learning and its decade-long proven approach to integrating technology into the classroom. The portal enables any K-12 educator in the country to access innovative learning apps, professional development and tailored lesson plans to empower students to be social innovators and to create solutions using emerging tech.
Citizen Verizon: Goal to 10 million youths with digital skills training
These efforts are all part of Citizen Verizon, the company’s responsible business plan for economic, environmental, and social advancement. Citizen Verizon empowers Verizon to deliver on its mission to move the world forward through action by expanding digital access and resources, protecting the climate, and ensuring people have the skills needed for jobs of the future. Through Citizen Verizon, and the key pillar of Digital Inclusion, the company's responsible business goals include providing 10 million youths with digital skills training by 2030. To learn more about Verizon's digital inclusion efforts, visit CitizenVerizon.com. To sign up for Verizon Innovative Learning STEM Achievers, visit https://naccemeets.nacce.com/vil/home.
Verizon Communications Inc. was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.