Innovative Initiative by Study.com to Address College Costs
Study.com Launches "Keys to College" Initiative
In a bid to alleviate the financial burden of education, Study.com has launched an exciting new initiative titled "Keys to College." This national program is designed to help students save an impressive $1 billion on college tuition within the next five years. Recognizing the struggles many face with skyrocketing college loan debt, which reached a staggering $1.77 trillion recently, Study.com aims to pave a clearer path to degree completion.
The Need for Innovative Solutions
With over 40 million Americans possessing some college education but lacking a degree, there is a growing demand for innovative educational solutions. A significant factor leading to student withdrawals from college is the burden of debt. In fact, a recent survey revealed that more than 75% of respondents under the age of 35 indicated that financial concerns are a major reason for discontinuing their education. Both men and students of color are notably affected by this trend.
Dana Bryson's Perspective
According to Dana Bryson, Senior Vice President of Social Impact at Study.com, "Education is fundamentally important for social and economic mobility. It holds particular significance for historically underserved populations who encounter systemic barriers in completing their degrees." She highlights the role of education technology as a means to bridge these gaps and support learners in achieving their educational goals.
Achievements of Study.com
Since the inception of Study.com's College Saver program, students have successfully earned and transferred over 470,000 college credits, translating to a colossal $475 million in savings. Students gain access to more than 220 ACE-approved online courses for a manageable monthly membership fee, with transferable credits accepted by approximately 1,500 colleges and universities nationwide.
Collaboration with Educational Institutions
Study.com is actively collaborating with various higher education institutions and nonprofits to enhance its "Keys to College" initiative, further maximizing opportunities for students in need. Notable early partnerships include the University of Massachusetts Global, Educators Rising, and Latinos for Education, all committed to increasing access and affordability for students.
Impact on Adult Learners
Dr. Erika Saito, Director of Strategic Partnerships at the University of Massachusetts Global, shared insights on the partnership: "Our goal is to enhance access for working adults pursuing their bachelor's degrees. This partnership with Study.com demonstrates our commitment to fulfilling that objective. By addressing gaps in course credits, we not only facilitate degree completion but also significantly influence the life trajectories of our learners through the power of education."
About Study.com
Study.com is a transformative educational platform serving more than 34 million learners and educators each month. Recognized as a leader in online learning, the platform offers a comprehensive array of K-12 curricula, college courses, and test preparation resources. Across over 11,000 school districts nationwide, Study.com is making waves in the education sector.
Honored by Fast Company for innovation, and consistently recognized as one of the GSV150—a list celebrating transformative education companies—Study.com continues to push the envelope in educational equity. With $29 million donated to various social impact programs, including Working Scholars® and College Saver, the company is dedicated to making education more accessible and affordable for all.
For more information, visit Study.com.
Frequently Asked Questions
What is the "Keys to College" initiative?
The "Keys to College" is a national initiative by Study.com aimed at helping students save $1 billion on college tuition and facilitate degree completion.
How does Study.com support students financially?
By offering access to affordable online courses and credits that transfer to many institutions, Study.com helps students save significantly on tuition costs.
Who are the partners involved in the initiative?
Initial partners include the University of Massachusetts Global, Educators Rising, and Latinos for Education, all focused on increasing educational access and affordability.
What achievements has Study.com made in terms of college credits?
Students have earned and transferred over 470,000 college credits through the College Saver program, saving them $475 million in tuition expenses.
How can students benefit from Study.com?
Students can benefit from a broad range of online courses, transfer options, and financial savings through various educational initiatives aimed at easing the college experience.
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