Investing in Rewarding Moments: Prodege acquires popular education-savings rewards business Upromise

prnewswire | June 02, 2020

Investing in Rewarding Moments: Prodege acquires popular education-savings rewards business Upromise
Prodege, a leading online consumer-rewards platform, announced today that it has acquired Upromise, Inc., a leading college education-savings rewards business, from SLM Corporation (Sallie Mae).  This acquisition furthers Prodege's mission to "Create Rewarding Moments" for its over 120 million registered members worldwide. Upromise provides unique opportunities for consumers to earn cash-back rewards for spending, shopping, dining out, and other activities, and then automatically deposit those rewards as contributions to any linked 529 Plan education savings account.  Those contributions can be invested and will grow tax-free over the years, and then can be withdrawn tax-free for qualified education expenses, including tuition, fees, books and room, and board.

Spotlight

Modern learners present new challenges for corporate L&D teams. At a time when digital information and mobile devices are ubiquitous, employees come to the workplace with expectations that their learning experiences will feel akin to how they consume content in their personal lives: rapidly, interactively, and at any time.With shifting employee expectations and executive demands for better learning outcomes, L&D is often caught in the crosshairs. What common challenges do L&D teams face today, and what key strategies can they adopt to satisfy their dual customers (learners, executives)? Click on the infographic preview below to see the whole thing!

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EDUCATION TECHNOLOGY

Educational systems enforced changes give rise to online solutions

prnewswire | December 21, 2020

The plan to change a significant bit of the training framework online has been played with for quite a long time, as increasingly more online educational programs were gradually presented in colleges across the world. However, because of the pandemic and the social limitation that followed, online schooling, both from conventional and elective learning organizations, has become a pivotal piece of the training framework. For instance, online classes in Brown University have permitted understudies concentrating abroad and workforce directing examination outside of Providence to keep instructing at the University. "With the present standardization of online instruction, Brown can contact more crowds, including a bigger pool of pre-undergrads and graduate understudies, as the University had investigated before the pandemic," as per The Brown Daily Herald. Other than the pandemic and its suggestions, the other main considerations driving the development of scholastic e-learning market size in the long haul are expanding advanced education e-Learning enlistments and the dispatch of new online degrees. Web based learning is likewise organized to save time and makes a few ways for vivid learning. Rather than being aloof, students can pick what they need to realize rapidly and effectively, from any place they are. What's more, as per information gave by Valuates Reports, the scholastic e-learning market size was esteemed at USD 103.8 Billion out of 2019 and is relied upon to develop CAGR 11.23% by 2025. Meten EdtechX Education Group Ltd. (NASDAQ: METX) just declared breaking news with respect to a "solid recuperation of its lesser ELT business. Net billings and understudies enlistments of its lesser ELT business in October and November 2020 both surpassed the comparing period in 2019. "The Company's junior ELT business continued to maintain its strong performance after the COVID-19 pandemic in China. From January to November 2020, the cumulative gross billings of the junior ELT business have recovered to approximately 76% of the same period in 2019. Moreover, the gross billings of junior ELT business in October and November increased by approximately 49% and 17%, respectively, compared to the same period last year, showing a positive step to profitability. "The renewal and referral income from existing students accounted for approximately 60% of the gross billings, demonstrating the value of the junior ELT in terms of teaching quality, brand reputation and relatively low-cost customer acquisition channels. At the same time, the student enrollment has also recovered month by month with the gradual reopening of offline learning centers. The cumulative new student enrollment from January to November 2020 has recovered to approximately 71% of the same period last year, and the student enrollment in October and November 2020 has increased by approximately 46% and 24%, respectively, compared to the same period of last year. The overall expansion of student enrollment is in line with the Company's expectation. "In addition to the continuous development of its existing business, the Company also plans to expand market coverage of its junior ELT business so as to explore the potentials or opportunities in the field of K-12 education service. Currently, the Company has launched Chinese and mathematics projects for the first time at its independent junior learning centers in Foshan, Guangdong Province, and Nanchang, Jiangxi Province, and these projects are progressing smoothly."

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Education Technology Market predicted to reach $285.2B by 2027 -Grand View Research, Inc

PR Newswire | July 20, 2020

The global education technology market size is anticipated to reach USD 285.2 billion by 2027, growing at a CAGR of 18.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. Technology has revolutionized the process of learning. From Massive Open Online Courses (MOOCs) to virtual classrooms, the education technology (EdTech) sector has emerged rapidly, leading to an influx of massive investments worldwide. Countries across the globe are realizing the potential of integrating technology to enhance student learning, enabling education leaders to undertake range of initiatives in integrating EdTech into their education systems, schools, and classrooms.Developed economies, including U.S., U.K., and Germany, are at the forefront of developing and introducing innovative education technology offerings, supporting education administration, student and community engagement, and reducing teacher workload. On the other hand, emerging economies, such as India, are focusing on utilizing such technologies to provide access to educate their population. As a result, EdTech is anticipated to foresee substantial growth in such economies to educate the rapidly growing population rather than building a well-developed institute.

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Online higher education: 5 reasons to get a degree virtually

Study International | April 19, 2020

Online higher education is having a moment right now. As universities around the world move online due to COVID-19, the true potential of online learning has become apparent. Anyone with a laptop, internet access, a streak of discipline and a dash of willpower can earn a degree without ever stepping foot on campus. So if your plan to start a degree has been thwarted by the current COVID-19 pandemic, know that hope is not lost. Here are five reasons you should consider online learning instead.

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Spotlight

Modern learners present new challenges for corporate L&D teams. At a time when digital information and mobile devices are ubiquitous, employees come to the workplace with expectations that their learning experiences will feel akin to how they consume content in their personal lives: rapidly, interactively, and at any time.With shifting employee expectations and executive demands for better learning outcomes, L&D is often caught in the crosshairs. What common challenges do L&D teams face today, and what key strategies can they adopt to satisfy their dual customers (learners, executives)? Click on the infographic preview below to see the whole thing!