FOR IMMEDIATE RELEASE
(St. Petersburg, FL)— ULearning, the company building the largest distribution platform for online education, providing people real-world learning opportunities and connecting them with real-world earning opportunities, commented today on the recent Wall Street Journal report of the growing financial pressures of US colleges and Universities.
On January 4, 2016, the Wall Street Journal reported that the number of colleges and universities now subject to increased financial oversight from the federal government has risen 8 percent to 540 in just the past three months. The New York Times also previously reported that only approximately 500 of the 4,000-plus colleges and universities in the United States seem to have finances that are stable enough for them to be truly safe. The remaining colleges can no longer hold off the technological, demographic and economic forces quickly bearing down on them.
Students are not having it much easier either. Jeff Denneen of Bain and Company reported that, “The volume of student loan debt has surpassed $1 trillion and is now greater than credit card debt. Average tuition costs make up almost 40 percent of median earnings, and education has been growing at more than 3 times the rate of the Consumer Price Index.”
ULearning and others are endeavoring to address the problem that is very difficult for traditional educational models to address. In addition to the unsustainable costs, students are learning differently these days. ULearning intends to provide the shortest path between learning a valuable and marketable skill and a dream job for students.
Marc Hardgrove, owner of a number of highly successful e-commerce companies and Partner at ULearning stated, “While we empathize with the increasing financial pressures of brick and mortar Universities and know the problem is a lot bigger than the 540 under US government oversight, we also recognize that the problem is only going to get worse. Students cannot afford more, and Universities have such big infrastructures and embedded fixed costs that it is very difficult for them to change. New forms of education delivery that are more effective and significantly lower cost like ULearning Online Courses, Udemy, and Udacity will become the norm, but it will be very difficult for traditional educational institutions to compete in a new reality.“
Those who wish to learn more about ULearning in the News or inquire about their solution to the financial crisis in higher education should email ULearn.UEarn.@ULearning.com.
ULearning is the online education company that helps people maximize their potential and earning power. Unlike other online education sites, ULearning provides people with real-world learning opportunities and then connects them with real-world earning opportunities. ULearning is a global distribution platform of online education, and intends to have the broadest distribution of online courses globally to provide maximum reach for teachers to monetize their knowledge and expertise. In addition, the company is partnering with a range of businesses and providing links to opportunities to enable students to maximize their earning potential. ULearning is dedicated to making a difference in unemployment and underemployment around the world, especially with young adults and inner-city youth.