U.S. Education Market to Surge to USD 1,949.99 Billion By 2025

openpr | January 22, 2020

Facts and Factors Market Research has published a new report titled “U.S. Education Market By Type (Cloud and On-Premise), By Content (Audio-Based Content, Text Content, and Video-Based Content), By Smart Learning Mode(Collaborative Learning, Webinars, Virtual Instructor-Led Training, Social Learning, Simulation-Based Learning, Adaptive Learning, and Blended Learning), By Component (Hardware, Service, and Software), and By End-User (Higher Education Institutes, Pre-K, and K-12): Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025”. According to the report, the demand for the U.S. Education market is predicted to be valued at approximately USD 1,411.03.

Spotlight

The education inspection framework has been devised by Her Majesty’s Chief Inspector for use from September 2019. It sets out the principles that apply to inspection, and the main judgements that inspectors make when carrying out inspections of maintained schools, academies, non-association independent schools, further education and skills providers and registered early years settings in England. We are required to carry out our work in ways that encourage the services we inspect and regulate to improve, to be user-focused and to be efficient and effective in their use of resources.

Spotlight

The education inspection framework has been devised by Her Majesty’s Chief Inspector for use from September 2019. It sets out the principles that apply to inspection, and the main judgements that inspectors make when carrying out inspections of maintained schools, academies, non-association independent schools, further education and skills providers and registered early years settings in England. We are required to carry out our work in ways that encourage the services we inspect and regulate to improve, to be user-focused and to be efficient and effective in their use of resources.

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EDUCATION TECHNOLOGY

EdTech Unicorn EEO Joins Hands with Peking University -- Redesigning learning experiences for the new digital-forward model of education

EEO | July 08, 2022

In July, 2022, with the support of EEO's hybrid technologies, Peking University successfully concluded the first academic year of its Global Open Courses Program in partnership with a list of distinguished institutions, including Tokyo University, Nanyang Technology University, Moscow State University, Waseda University, University of Granada, Osaka University, Ritsumeikan University, Chulalongkorn University, Cornell University, and Cairo University. EEO was founded in 2014 with the purpose of building an inclusive and student-centered learning ecosystem through the power of technology. Since 2019, EEO and Peking University joined hands to collaborate on digitizing physical learning environments, constructing specialized archeology classrooms, and adopting hybrid learning methods. It is a nonstop journey for EEO and Peking University to explore how to better motivate students and support educators in experimental teaching strategies. The project of Global Open Courses Program focuses on how hybrid learning gives rise to an enriched learning experience and expands learning communities. Hybrid learning, a method that incorporates hybrid technologies and open educational practices, has witnessed increasing adoption in K12 and higher ed institutions globally. Teaching Economics as part of the Global Open Courses Program, Professor Huang Yiping successfully engaged students in the classroom and those joining virtually with group discussions and activities. "Our professor came up with eight topics for discussion, encouraging us to form groups with students overseas. And we have been keeping in close touch with students online as well." Li Yipin, a student in Professor Huang's class, reported. For many, the program's hybrid courses placed vast learning resources within reach. With abundant course offerings, students had extensive opportunities to explore emerging topics with a cohort coming from diverse background. The platform of choice, ClassIn, is an all-in-one solution for online and hybrid learning with interactive virtual classrooms, a school management backend system, student learning reports, and more. Currently under internal testing, the product will support more innovative teaching methods by transforming into an LMS, a platform that caters to each step of the learning process in addition to the already powerful synchronous in-class interaction. It is evident that EEO's product family is designed with the consideration of scientific methods, masterful teaching, and lifelong learning. ClassIn, one of the first online classrooms in the world, was released in 2015. Building on feedback from educators and in-depth research, EEO released ClassIn X, a new hybrid solution for the new era. The company is also in the process of developing TeacherIn, a curriculum co-construction platform. It helps teachers find like-minded partners, with whom they can design and share lessons. As of now, EEO has partnered with more than 60,000 institutions around the globe and expressed great passion to collaborate with international educators and institutions, sparking the creativity of teachers and creating innovative learning experiences for students.

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CORPORATE EDUCATION AND TRAINING

Varo Bank Launches "SaveUp" Financial Education Course in Collaboration with EVERFI

EVERFI | September 17, 2022

Varo Bank, the first all-digital, nationally chartered U.S. consumer techbank, announced today the launch of SaveUp, a free middle school savings curriculum designed in strategic partnership with social impact education innovator, EVERFI. The SaveUp course is the largest initiative to date of the Varo Money Power program, which includes free online financial education lessons for adults and the Russ x Varo Money Power financial education workshops for high school students designed in partnership with NBA superstar Russell Westbrook.SaveUp empowers students by providing them with the tools they need to build a strong savings foundation and will be available to 4,500 middle schools nationwide by June 2024. The course is aligned with Jump$tart National Standards for Personal Finance Education and focuses on middle school students to provide them time to learn and practice savings habits before they start to deal with more pressing financial challenges in high school and beyond. "Everyone deserves the same access to opportunity, and that starts with financial education,Through this joint initiative, Varo and EVERFI continue to advance our shared mission of expanding financial inclusion and helping young people learn the fundamentals of what it takes to build wealth for themselves and their communities. We plan to leverage this program content in the future to broaden the reach of financial education and literacy to a wider audience going forward." Colin Walsh, Founder and CEO of Varo Bank Throughout the course, students will learn the importance of saving, how to budget, how savings can help reach financial goals, and how to open a savings account. This will be accomplished through an interactive learning experience that includes: Self-guided lessons to help students develop simple, actionable strategies. Real-world scenarios that prime students for long-term behavioral change using problem-solving and self- reflection activities. Detailed score reports and offline extension activities to help teachers maximize their impact across all students. Middle school is a time of financial socialization for students as they start to develop their own values and beliefs around money," said Ray Martinez, Co-Founder and President of EVERFI. "Developing the SaveUp curriculum and bringing it to middle schools around the country, is just part of our commitment to help students, especially those in low-to-moderate income populations, build the knowledge and skills they need to achieve financial wellness and stability while providing equal access to the financial services system. About Varo Bank, N.A. Varo Bank is the first all-digital, nationally chartered U.S. consumer techbank built from the ground up, designed to make financial inclusion and opportunity a reality for all. Varo Bank is reimagining the modern banking experience and providing customers with the tools they need to build financial resilience and realize their financial power – with offerings such as Varo Believe, a secured card to help build credit, Varo Advance to help stretch hard-earned dollars between paychecks, the ability to earn cashback at 1,000 merchant locations nationwide, and a newly launched high yield savings account option, more than 38x the national average. A different kind of financial institution – Varo Bank serves everyone striving to build a better future – from those with abundance to people struggling to make ends meet. Varo has been named one of Forbes' World's Best Banks in 2022, Fast Company's Most Innovative Companies, and is on the Inc 5000 list of fastest growing companies for 2022. For more information on Varo Advance, Varo Believe, and other offerings such as Perks, visit www.varomoney.com, like Varo Bank on Facebook, and follow us on Instagram and Twitter @varobank. @2022 Varo Bank, N.A. Member FDIC. About EVERFI, Inc. EVERFI from Blackbaud is an international technology company driving social impact through education to address the most challenging issues affecting society ranging from financial wellness to mental health to workplace conduct and other critical topics. Founded in 2008, EVERFI's Impact-as-a-Service™ solution and digital educational content have reached more than 45 million learners globally. In 2020, the company was recognized as one of the World's Most Innovative Companies by Fast Company and was featured on Fortune Magazine's Impact 20 List. The company was also named to the 2021 GSV EdTech 150, a list of the most transformative growth companies in digital learning. Blackbaud, the world's leading cloud software company powering social good, acquired EVERFI in December of 2021.

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EDUCATION TECHNOLOGY

Texthelp Releases U.S. Data Highlighting State of Learning for Students with Dyslexia

Texthelp | August 18, 2022

Today, Texthelp, a global leader in literacy and digital learning tools for education, released new survey results on the current state of teaching and learning for students with dyslexia. The survey, concluding in March 2022, reflects insights from more than 3,000 school staff representing thousands of schools across the country. The goal was to identify common problems in student teaching and learning that could be addressed, and to help build better, more inclusive learning environments. According to nearly half of the teachers surveyed, assistive technology is one of the top approaches that helps students with dyslexia, along with reading and phonemic awareness instruction. With one billion people globally living with a non-visible disability, such as dyslexia, it is critical that all students have the tools they need to understand and learn. How students digest information and communicate their knowledge looks different for everyone. More inclusive approaches to learning, such as Universal Design for Learning (UDL), are the future of education. "I have severe dyslexia and looking back, I could have benefited from having early access to assistive technology that was designed for people just like me," said Sierra Goodfellow, a current student. "Instead, I endured many barriers and obstacles while learning. It wasn't until much later that I finally found an assistive technology tool that understood me. I had thought something was wrong with me when really I needed a tool that was made for someone who thinks differently." "It would be extremely valuable for students like Sierra and teachers of students with dyslexia if the right accommodations were always available from the start, Texthelp. "All students should have a choice in how they learn. For Sierra, that was being able to understand the text by listening to it being read aloud." Martin McKay, Founder and CEO, Texthelp. More than 52 percent of teachers surveyed find 'a lot of value' in providing students with dyslexia access to assistive technology tools. However, more than 54 percent of the respondents said their district will only provide accommodations to students who show a need. Providing tools to only those students who 'show' signs of their disability or disclose their learning challenges leaves out many students who are either undiagnosed, misdiagnosed, or are afraid to disclose their diagnosis to indicate the support that they need."It is critical that all school districts provide assistive technology tools to every student, whether or not they are neurodivergent, neurotypical, or physically disabled," said McKay. "Providing tools for all students can bolster inclusivity in the classroom and welcomes all types of learners. Students should be attuned to how they learn best. Thoughtful, inclusive practices in the classroom make learning easier and more enjoyable for everyone." Additional findings from the survey include: 52% find assistive technology tools to be highly valuable for students with dyslexia Assistive technology tools can benefit all students, especially those with hidden disabilities, such as dyslexia. Providing assistive technology tools with various capabilities that are designed using UDL principles is most effective in supporting student success. Most districts provide free tools, such as built-in tools (71.73%) and free accessibility apps (54.87%), to students as a source of reading/writing accommodations Free tools and built-in tools aren't accessible everywhere throughout a students' education journey. When using these tools, students are limited in where they can utilize their accommodations. Oftentimes, users cannot access these tools when taking tests or searching online, which can create more barriers than solutions. Respondents felt that the best ways to make assistive technology more impactful for students with dyslexia are: Having the ability to identify student needs and match those with appropriate digital learning tools (55.51%) Having teachers embrace assistive technology in the classroom (52.10%) More training for staff (50.55%) About Texthelp Founded in 1996, the Texthelp Group is a global technology company helping people all over the world to understand and to be understood. It has led the way in creating innovative technology for the education and workplace sectors for the last three decades.Texthelp believes in a world where difference, disability or language are no longer barriers. It is focused on helping all people learn, understand, and communicate through the use of digital education and accessibility tools. With over 50 million users worldwide, the Texthelp suite of products includes Read&Write, Equatio®, WriQ®, OrbitNote®, ReachDeck® and FluencyTutor® which work alongside existing platforms such as Microsoft Office and G-suite, enabling them to be integrated quickly into any classroom or workplace with ease.In 2021, Texthelp acquired the Lingit Group, Wizkids and Don Johnston Inc. By combining capabilities and knowledge across the group, Texthelp can now provide a whole suite of literacy and numeracy support to a greater number of end-users across more geographies.

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