September 27, 2021

Special VIP rate for Group Members Capital Roundtable PE investing in Education conference NYC

Market Driven Edu is pleased to announce The Capital Roundtable’s full-day conference on Private Equity Investing in Education-Focused Companies.

 

Coming up on Tuesday, July 18, in New York City, the theme of this conference is Education from 2017 to 2021 — What’s Next for Investors?

 

As a friend of Market Driven Edu, you qualify for a special VIP rate — $995 ($500 off the standard rate).  To register, please call Sarah Burd, at 212-832-7300 ext. 0, or email her at sburd@capitalroundtable.com.

 

These are exciting times for private investors in education-focused companies, even amid the uncertainty about what’s going to happen next.  Despite galactic differences of opinion, everyone’s goal is to deliver great education to as many people as possible.

 

Education is facing changes and challenges in all sectors.  Pre-K is becoming professionalized, migrating away from traditional childcare to more school-based curriculums.  Public K-12 schools are lagging behind, leading to the expansion of new alternatives, such as charter schools and pri­vate schools.  Higher education costs are rising faster than inflation, financial aid isn’t keeping up, and colleges need innovative solutions for keeping costs down.  And the gap is widening between the skills students are learning and the skills employers say workers need.

 

Chairing the conference is Dan Neuwirth, a general partner at Quad Partners. Dan co-founded the firm in 2000 and has led investments across its education portfolio.  Prior to Quad, he worked in investment banking and principal investing at Donaldson Lufkin & Jenrette, and at Goldman Sachs & Co.

 

Our 20 knowledgeable speakers will boost your knowledge of this attractive area through their first-hand experiences and by answering key questions. See speaker list here.

 

At this conference, you’ll enjoy exceptional networking opportunities. The agenda includes ample time, with session breaks and a buffet lunch, to exchange ideas, swap business cards, and form new relationships.

 

To register, please call Sarah Burd, at 212-832-7300 ext. 0, or email her at sburd@capitalroundtable.com.

 

Please be sure to mention Market Driven Edu to receive this low VIP rate.  And note this rate is not available online. 

Will Devos help spur growth in the for profit sector?

betsy

HP article:

Senator Elizabeth Warren (D-MA) was the first and only senator to really press DeVos on for-profit college accountability issues. She asked DeVos, who admitted to have almost no higher education management or college aid experience, if she supported protecting federal taxpayer dollars from waste, fraud, and abuse?  DeVos said yes. Warren said she was glad to know that, since Trump’s higher education experience consisted of fraud so bad at his fake unaccredited university that he paid out $25 million to settle claims from students and New York’s attorney general.

Warren pushed, asking DeVos exactly how she would stop fraud. DeVos: “The individuals with whom I work in the Department will ensure that federal monies are used properly and appropriately.”

Warren pressed further, noting that there are already “a whole group of rules“ written by the Obama Administration to protect college students. In particular, she asked DeVos whether she would commit to enforcing the gainful employment rule, which would penalize career college programs, whether at a for-profit, non-profit, or public college, that leave graduates with insurmountable debt. New data released by the Department confirms what for-profit colleges feared as they have lobbied fiercely against the rule: 98 percent of the programs flunking the test in its first year were for-profits.

DeVos responded, “We will certainly review that rule and see that it is actually achieving what the intentions are.”

Link to article: http://www.huffingtonpost.com/davidhalperin/devos-declines-to-support_b_14235348.html

 

Wash Post:

Some amount of deflection in responding to pointed questions is inevitable. In some cases, DeVos may not have figured out her position yet on various questions, some of which were overly-specific, and a bit unfair. I didn’t find it unreasonable for her to decline to commit to specific current regulations under ESSA (Every Student Succeeds Act) that she might seek to modify or change.

The most evasive language, in my view, emerged in response to questions about school and college accountability. DeVos was reluctant to commit to strong federal efforts to ensure that all schools will be held accountable. Asked about financial risks posed by charter schools with relationships to Charter Management Organizations, many of which are for-profit, she dodged the issue, responding merely that she would work to “hold schools accountable for educating students.”

And after ducking Sen. Tim Kaine’s (D-Va.) question about equal accountability for all schools receiving federal funds four times in person, she’s said nothing to clarify her position.

Link: https://www.washingtonpost.com/news/answer-sheet/wp/2017/02/01/the-good-evasive-and-very-bad-answers-betsy-devos-gave-to-questions-from-democrats-about-education/?utm_term=.071c53e754ee 

EDU Dive:

  • The growing potential for Secretary of Education nominee Betsy DeVos to support deregulation for for-profit colleges and rollback several guidelines for federal standards on postgraduate outcomes takes centerstage in a Huffington Post editorial this week.
  • Author David Halperin explains that the for-profit industry has reaped billions in public funded student loans while leaving students with little-to-no prospect for gainful employment. But inaccuracies in federal reporting on these outcomes has allowed DeVos and Republicans to challenge the policies outright.
  • DeVos declined to endorse guidance for gainful employment and accountability standards for federal funding to institutions of all types.

Link: http://www.educationdive.com/news/would-betsy-devos-scale-back-regulations-on-for-profit-colleges/435341/

Meet 2,800+ prospects at LeadsCon – final week to save an extra $150! Member Discount

leadscon new logo

Meet 2,800+ prospects at LeadsCon – final week to save an extra $150! Member Discount

Special MarketDrivenEDU group discount, lowest price available for this conference.
$150 Expiring Soon – New Business Partners Are Yours For The Taking!
A number of new sessions have just been added! This is the strongest and most robust LeadsCon program ever! All presented by 30+ of the top brands in performance marketing. Many of your customers and prospects have already signed up. Join your peers in Las Vegas to find new lead sources and acquire the latest best practices and regulatory updates on Lead Management, Lead Buying and Lead Gen. Early Bird rates expire this Friday on January, 27th and only through this email, can you save an additional $100 by using this special link: http://bit.ly/2k5IJUw

The Latest Conference Program Hot Topics Include:
• The Millennial Challenge: How to Build an Authentic and Quality Online, Social and Mobile Experience to Attract Millennial Shoppers and Build Brand Loyalty
• Are Mortgage Sales Ready for a Tesla Moment?
• Shifts in Insurance: How Top Agents Drive Growth
• Need for Transparency: Where are Your “Network” and “Agency” Leads and Clicks REALLY Coming From? It is Time We All Find Out
• Driving Lead Acquisition with Customer Journey Analytics
• View Full Agenda http://bit.ly/1PAdeQ5
• View Full Speaker List http://bit.ly/2jD2B52

This is your final chance to save a total of $150 from next week’s pricing. This special offer expires on January 27th, so act fast and don’t miss out! http://bit.ly/2k5IJUw
LeadsCon Room Block Filling Up Fast   NO VIP CODE needed:  you dont enter one it has the discount based on the link
Rooms at The Paris are beginning to fill up fast. Lock in our special group rate of just $170/per night before they sell out by clicking here: http://bit.ly/2iYebXi

Important DOE Gainful Employment Regulations Info Update Jeri Prochaska, CSPEN

gainful emplyment

info Update Jeri Prochaska, CSPEN

Status of our Sector Webinar, we would like to share two new important pieces of information we received today from top-level Department of Education staff responsible for the interpretation and implementation of the GE regulations and metrics.

1.   TIMING OF RELEASE OF DRAFT GE DEBT-TO-EARNINGS DATA
CSPEN has received word that sometime in October, not November as previously forecast by CSPEN and the Department’s own published timelines and Power Point slides, all schools with programs subject to the gainful employment regulations should expect to receive their Draft GE Debt-to-earnings (D/E) data.  While no specific dates were provided, the release could be as early as October 21st – following completion of the first two GE Reading Files and Submitting Challenges webinars, but are more likely to come sometime the week of October 24th. CSPEN also expects the 45 day challenge period to be announced separately either by the end of October or in early November as well.

We again remind you that it is vitally important for your institutions and those within your organization responsible for review of the Draft GE D/E data and possible submission of challenges to the data to strongly consider attending the workshops later this month.  For more information on these important webinars refer to (ANN-16-14) Subject:  Live Internet Webinars – Gainful Employment: Reading Your Draft GE Debt-to-Earnings (D/E) Rates Files and Submitting Challenges.  http://ifap.ed.gov/dpcletters/ANN1614.html

2.  INTERPRETATION OF TIMING FOR PROPOSED REVISIONS TO 2017 DISCLOSURE TEMPLATE
These same officials also shared that the changes being proposed as part of the September 13, 2016 Federal Register Notice (and the potential for any additional revisions based upon the comment period associate with this Notice which doesn’t close till November 14, 2016) are, in the view and interpretation of the Department, not subject to the Master Calendar and thus all of the revisions – including those based upon the comments – will be implemented as part of the 2017 Disclosure template requirements effective January 31, 2017https://ifap.ed.gov/fregisters/attachments/FR091316.pdf

Devry to cut back on federal student aid

devry-logo

DeVry Education Group Inc. on Tuesday said it would voluntarily edge down the share of money it gets from federal funding, as it looks to limit its exposure amid a government crackdown on for-profit colleges.

The parent of DeVry University and others said it would limit the revenue that each of its six Title IV institutions derive from federal student aid to 85%, including Department of Veterans Affairs and military tuition assistance benefits. Federal regulations allow for 90%, excluding military assistance.

Chief Executive Lisa Wardell said the move “underscores our commitment to finding solutions to the issues facing higher education today.”

The move would diversify DeVry’s revenue streams as the federal government has clamped down on the for-profit education industry in recent years.

Article from Denver post: http://www.denverpost.com/2016/09/20/devry-university-limits-revenue-federal-student-aid/ 

 

 

For-Profit Education Companies for PE Investors – Special Invitation

capital roundtable

MarketDrivenEDU.com is very pleased to be a partner of The Capital Roundtable for its full-day annual summer conference on “Private Equity Investing in For-Profit Education Focused Companies.”

 

Coming up on Tuesday, July 26, in New York City, the theme of this conference is
Life After November — The New Reality for For-Profit Education Investors

 

I’m reaching out to you, as a friend of my firm, to offer you a special VIP rate — $500 off the standard rate.  Your price to register is only $995!

 

Chairing the conference is James A. Rowan is a senior advisor & head of the education group at Stifel Investment Banking (“Stifel”).

You’ll hear from James and 20 other experienced for-profit education company pros who will share their perspectives and lessons learned.
At this conference, you’ll enjoy exceptional networking opportunities. The agenda includes ample time, with session breaks and a buffet lunch, to exchange ideas, swap business cards, and form new relationships.

 

To register, please call Sarah Burd, at 212-832-7300 ext. 0, or email her at sburd@capitalroundtable.com

 

Please be sure to mention MarketDrivenEDU to receive this low VIP rate.  And note this rate is not available online. 

ACICS in trouble, federal panel that oversees accrediting agencies voted to de-recognize the council

ACICS Logo

The Accrediting Council for Independent Colleges and Schools got closer to being terminated Thursday after the federal panel that oversees accrediting agencies voted to de-recognize the council, the largest national accreditor that oversees many for-profit colleges.

The National Advisory Committee on Institutional Quality and Integrity (NACIQI) soon will pass its decision back to the U.S. Department of Education, which last week recommendedshutting down ACICS and will have 90 days to decide the accreditor’s fate. An appeal by the accreditor and lawsuits could follow.

Once the decision is finalized, and if a court doesn’t block it, the 245 colleges ACICS accredits, which enroll up to 800,000 students, would have 18 months to find a new accreditor. Depending who you ask, that process either will be a mad scramble or an easy transition, at least for colleges with solid track records.

Either way, the decision to nix an agency that last year served as a gatekeeper for $4.76 billion in federal financial aid is an extraordinary move.

Link to article: https://www.insidehighered.com/news/2016/06/24/federal-panel-votes-terminate-acics-and-tightens-screws-other-accreditors

 

Udemy has raised a new round of funding, to the tune of $60 million

udemy

Udemy received a $60 million investment from the South African media company.

Online education startup Udemy has raised a new round of funding, to the tune of $60 million, from South African media company Naspers. Larry Illg, CEO of Naspers Ventures, is joining Udemy’s Board of Directors.

Founded in 2010, Udemy is a marketplace for online courses that brings together people with expertise in one or more areas, and people who want to learn about a new topic or develop a new skill. Udemy provides tools and a market for the experts to make and sell their courses, and takes a cut of their sales.

Link to Article: http://fortune.com/2016/06/02/naspers-invested-60-million-udemy/

 

Are Community Colleges good stepping stones? Not for most!

community college shirt

If you could pick up a college degree for about half the sticker price, you would, right?

If so, you’ve got company. More than 80 percent of community college students say when they start there they expect to continue on and eventually earn a bachelor’s degree from a four-year college or university.

Yet most students fail in that goal, according to a recently published study by the Center for Community College Research at Columbia University’s Teachers College. One-third of the roughly 720,000 students who enrolled in community colleges in 2007 for the first time and were seeking degrees actually transferred to a four-year school, and only 42 percent earned a bachelor’s degree within six years — far below the 60 percent completion rate for students who started at four-year colleges and universities.

Among first-time, degree-seeking community college students overall, only 14 percent managed to earn a bachelor’s degree within six years, the study found.

“Too many students are failed by the current system of transfer between community colleges and universities,” said Davis Jenkins, senior research associate at the center, when announcing the release of the study.

Link to Article cnbc

Federal judge rules Consumer Financial Protection Bureau lacks the authority to investigate for-profit-college accreditors.

ACICS Logo

A federal judge on Thursday struck a blow to the Consumer Financial Protection Bureau’s recent foray into college accreditation, ruling that the bureau lacks the authority to investigate how accreditors approve for-profit colleges.

U.S. District Judge Richard J. Leon rejected the CFPB’sattempt to force an embattled national accreditor, the Accrediting Council for Independent Colleges and Schools, to turn over information about how it decided to approve several controversial for-profit college chains.

“Although it is understandable that new agencies like the CFPB will struggle to establish the exact parameters of their authority, they must be especially prudent before choosing to plow headlong into fields not clearly ceded to them by Congress,” wrote Leon, who was nominated by President George W. Bush. “Thus, having concluded that the CFPB lacks authority to investigate the process for accrediting for-profit schools, I am compelled to deny its petition to enforce civil investigative demand.”

Link to article