Online K-12 Education Market Possible Growth, Attractive Estimations Make It as a Long-Term Investment

Digital Journal | January 15, 2019

K-12, a term used in education and educational technology in the United States, Canada, and possibly other countries, is a short form for the publicly-supported school grades prior to college. K-12 (kindergarten through 12th grade) is the term commonly used for talking about a person's first 13 years of schooling before entering university. It also refers to the Elementary and Secondary education. Elementary education starts at the age of five or six.Global Online K-12 Education market is expected to grow at approx. USD +423 Billion by 2023, at +24% of CAGR between 2019 and 2025.Online K-12 Education Market is very different from the traditional education concept, which includes a school building, a classroom with desks, and a teacher next to a blackboard. Online education offers students more private lessons with their instructors. And most K-12 online programs are inexpensive or even free. K12 is an education management organization (EMO) that provides online education designed as alternatives alternative to traditional "bricks and mortar "education for public school students from kindergarten to 12th grade.

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Schools and further education colleges in England are required to provide impartial careers guidance to their students. The Department for Education has published statutory guidance (most recently updated in January 2018) for maintained schools on their duty to provide careers guidance, which also applies to many academies.The quality of careers advice has come in for frequent criticism, and recent governments have made several reforms, including the establishment of the National Careers Service and the Careers and Enterprise Company (CEC), aimed at improving the quality and range of careers advice on offer. Higher education institutions are not required to provide careers advice, but nonetheless this service is offered across institutions.

Spotlight

Schools and further education colleges in England are required to provide impartial careers guidance to their students. The Department for Education has published statutory guidance (most recently updated in January 2018) for maintained schools on their duty to provide careers guidance, which also applies to many academies.The quality of careers advice has come in for frequent criticism, and recent governments have made several reforms, including the establishment of the National Careers Service and the Careers and Enterprise Company (CEC), aimed at improving the quality and range of careers advice on offer. Higher education institutions are not required to provide careers advice, but nonetheless this service is offered across institutions.

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ONLINE EDUCATION

TUTRRD launches an app to bridge the gap between after school tuitions and virtual education

TUTRRD | November 20, 2021

TUTRRD, an online learning and teaching platform for K-12 that focuses on one on one interactive learning as launched their an app to bridge the gap between after school tuitions and virtual education. The platform aims at bridging the gap between after school tuitions and virtual education by enabling teachers to conduct classes at their convenience and generate additional income for themselves, thereby providing personalized, convenient, and affordable learning solutions to the students from across all boards. The announcement of the platform was done on Children's Day i.e. 14th November, 2021 through a webinar with the app going live on Android. The platform has on boarded over 500 teachers and aim to onboard around 5000 teachers by the end of this financial year in March 2022. The app is currently only available on Android Play Store. "I strongly believe that teaching and learning should not be restricted to any geographical boundaries. When the educational system transitioned online, there was heavy reliance on technology to conduct classes. There was an increasing need to include the human element in this content-learning age. Moreover, the number of students were huge and personalization was becoming a challenge for the schools and colleges. That is how the idea of Tutrrd was born, where we focused on providing the personalized experience to learning that has been missing in the market." Divya Tej Pereira, CEO & founder, TUTRRD "It has always been my vision to empower teachers to connect with students and ensure they have the technology and skills to make learning an exciting and fulfilling experience. With the pandemic, many teachers lost their jobs or their salaries were reduced due to the economic halt. In such situations, it is important to assist teachers to step into their power and increase their income. We provide a platform for teachers to provide their expertise in the most convenient and engaging manner," added Mr Tej further. The Tutrrd app provides a seamless user-experience, wherein students can book one-on-one personalized classes with the teachers based on their interest areas and educational needs. Dependency on private tuitions has proved to improve the performance of students at all levels of education. Therefore, the USP of the app is the personal touch that it provides to the students in their learning experience. The app has helped rethink the idea of private tuitions, wherein the students can get personalized attention with the help of expert teachers in order to enhance their academic performance with 100% live interactive and one-on-one tutoring. The primary focus of teaching is on core academics. However, with the personalization, the teachers can assist in the complete holistic development of students, thereby increasing their disposable income. India's online tutoring market offers more than just internet-based tutoring sites; it also offers tuition services that use virtual worlds for teaching and providing personalized virtual attention to students. Growth of the online tutoring market has been attributed to several factors, including adoption of higher studies, COVID-19 outbreak, and improved accessibility to technology. By 2022, the market is predicted to reach USD 9 billion. About TUTRRD TUTRRD provides the most efficient and convenient way of learning for students by making education more accessible, affordable, and inclusive. Headquartered in Mumbai, TUTRRD is a platform that offers all Indian teachers an opportunity to conduct online classes and at the same time, help students to find expert teachers based on their subject specialization and book 100% live, interactive, and one-to-one tuition with them. Aimed at creating an integrated community, empowering and enabling educational professionals to highlight their individuality and unique teaching skills. By connecting students across all boards and highly qualified teachers through a single platform, TUTTRD prioritizes personal attention, thereby assisting teachers and students in their growth and development.

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ONLINE EDUCATION

Prepaze Academy Launches The Most Student-centric Educational Franchise

Prepaze Academy | November 25, 2021

Prepaze Academy, a leading education provider specializing in delivering flexible in-person tutoring and fostering individual excellence of students via tailored learning programs, is excited to announce its expansion through franchise offering. "We are ecstatic to launch Prepaze Academy franchising, your next-door learning center providing quality education that is closely aligned with the school's curriculum. Our key focus is to deliver personalized learning at an affordable price. Our success is when our students feel confident about themselves and score better in their school. Prepaze Academy considers itself as a one-of-a-kind academic center, which doesn't follow a one-size-fits-all teaching style. Our centers are student-centric; we encourage our dedicated tutors to nurture every student's individuality." CEO Shenba Chockalingam,Prepaze Academy Prepaze Academy franchising is for anyone who has the passion for education and entrepreneurship. Here is an exclusive preview of the benefits that come with franchising licenses: Easy and clear establishment process, with complete Operational, technical, and marketing support throughout the franchising period. Unik - Prepaze Academy's learning management system (LMS) where admins and teachers can tutor classes online, conduct tests, schedule assignments, and manage enrollments & attendance. Unik Invoicing - An invoicing and billing software integrated with enrollments to track payments, hold multiple fee plans, and collect payments. Multiple streams of revenue - Test prep programs, College Counseling Services, Enrichment Programs, etc. An integrated assessment repository helps tutors build assessments within minutes. Regular and on-demand content update to accommodate changes to the syllabus with a focus on improving students' analytical skills and performance. "Compared to establishing a business from scratch, Prepaze Academy franchising has low start-up costs and maintenance costs. With multiple streams of revenue and support from industry experts, you will be able to grow much faster compared to other similar businesses," noted Shenba Chockalingam. With many happy students and parents endorsing the expansion of the learning center, Prepaze Academy is confident to make a positive impact across the country through franchising. About Prepaze Academy Prepaze Academy provides custom teaching to students around the globe, no matter where they live. Having successfully run for about 5 years in the San Francisco Bay Area, Prepaze Academy has instilled in its students a passion for lifelong learning and critical thinking.

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EDUCATION TECHNOLOGY

Penn Foster secures investment to accelerate the pairing of data science with digital learning based on skills.

prnewswire | January 21, 2021

Labor force improvement pioneer Penn Foster today declared a critical new speculation from BayPine and Two Sigma Impact to quicken the form out of its computerized learning stage zeroed in on planning frontline laborers to flourish inside high-development, high-expertise occupations. The two speculation organizations will band together with Penn Foster to acquire new capacities information science and trend setting innovation to help the organization keep on contribution down to earth, reasonable answers for its understudies. "Skill gaps and economic mobility are, in many ways, two sides of the same coin," said Frank Britt, Chief Executive Officer of Penn Foster. "This investment reflects our belief that the combination of advanced labor market analytics with low-cost digital training can help individuals make better-informed decisions about their educational investments. It's about enabling employers to close skill gaps by identifying and creating career paths for historically untapped talent." A computerized learning stage that works in association with bosses, public labor force offices, and local area based associations, Penn Foster conveys expertise based preparing for in excess of 300,000 working students every year. Notwithstanding offering authorize projects and declarations in fields going from medical care to talented exchanges, Penn Foster accomplices with significant managers, including Lowe's and Walmart, to give secondary school recognition and vocation instructional classes that are regularly entrances to higher pay jobs. "Two Sigma Impact believes that by focusing on creating a better workforce, we can create long term value and better business outcomes," said Ian Blasco, Partner at Two Sigma Impact. "We are excited to work with Penn Foster to apply advanced data science techniques to the development of dynamic, skills-based training that is tightly coupled with the demands of the labor market." "For decades, Penn Foster has been at the forefront of delivering flexible, affordable, and job-relevant development programs that have redefined the intersection of education and work," said Anjan Mukherjee, Managing Partner at BayPine. "The implementation of digital transformation initiatives to unlock human potential is core to our thesis, and we look forward to working closely with management to develop a modern, agile platform at Penn Foster that leverages the power of data to drive better outcomes for working learners." In "Unstuck in the Middle," a white paper delivered by Penn Foster a year ago, the organization put forth the defense that perceiving ability fulfillment along a range could open financial versatility for laborers utilized in positions that require in excess of a secondary school confirmation however not a long term degree. As per the National Skills Coalition, while center ability occupations make up the biggest segment of the US work market, only 44% of laborers are right now prepared to the center expertise level. A new report distributed by the philanthropic, Opportunity@Work, proposes that the assessed 71 million Americans who need four-year degrees, however are "Gifted Through Alternative Routes" (STARs), speak to an undiscovered pool of ability for US bosses. "The critical need for different ways to approach training and education for workers has become more prominent in the past few years, and the pressure on our economy created by the pandemic has only emphasized that the time has come for a workforce transformation," said Ann Ruble, Operating Partner at Two Sigma Impact. "New data-driven approaches to learning will help expand access to training in high-demand fields for both workers and employers at a time when it is needed most." This speculation speaks to the following period of Penn Foster's development following an effective organization with Bain Capital Double Impact, the effect contributing unit of Bain Capital. Terms of the exchange were not unveiled. Macquarie Capital filled in as monetary guide and William Blair and Company as co-consultant to Penn Foster. Everberg Capital additionally partook in the exchange. Jamieson gave exchange the board guidance.

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