Chegg Expands Student Debt Relief Benefit for Employees—Up to $5,000 More a Year

Edsurge

Now, a publicly-traded education company that serves millions of college students has ramped up student debt relief services for its own employees. Chegg , based in Santa Clara, Calif., To be clear, this is not a new perk for Chegg employees.

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More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

Edsurge

In the heartland of America, one company is raising big bucks in a bid to capture this lucrative market. Louis-based company’s $50 million Series B round, which closed in November 2015. Already boasting 4,000 tutors covering 1,000 subjects, the company is on the hunt for more teachers. That feature is a far evolution from the company’s humble beginnings in Washington University, where Cohn started the business as a student in 2007. Tutoring is big business.

Students, celebrities connect for tutoring

eSchool News

Students will have the chance to connect directly with celebrities in one-on-one tutoring sessions through Chegg Tutors: VIP Edition. All tutoring sessions will take place this fall through Chegg’s online tutoring platform, Chegg Tutors.

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Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

Edsurge

higher education courseware in 2015, down from 50 percent the year before, according to a 2018 report from Macquarie, an investment bank and financial services company. The company has invested in a partner rental program that should reach 400 titles in the second half of this year.

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5 Ed-Tech Ideas Face The Chronicle’s Version of ‘Shark Tank’

Wired Campus

In the TV series Shark Tank, entrepreneurs with budding companies pitch their ideas to a panel of investors who ask probing questions and then decide whether to back the proposals. Our sharks were Goldie Blumenstyk, a senior writer at The Chronicle; Jason Jones, a co-editor of the ProfHacker blog and director of educational technology at Trinity College, in Connecticut; and Paul Freedman, founder of Entangled Ventures, an education-technology company.

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Reach Capital’s Newest Education Technology Investment Fund Closes at $82 Million

Edsurge

Investing is humbling because we inevitably miss out on or pass on companies that go on to achieve great success in realizing their mission. When Carolan’s team started Reach Capital in 2015, it raised $53 million for its first fund. (It It brought over the companies from the Seed Fund into its portfolio as well, and re-invested in 14 of them.) For Reach, they include Sesame Workshop and TAL Education, a Chinese education company. “We WriteLab (Chegg).

Fueled by Big Rounds, Edtech Funding Surges to $887M in First Half of 2017

Edsurge

edtech companies last year, the dollars returned with a fury during the first six months of 2017. Company. Several private-equity-backed companies have invested heavily in the “platform” approach. PowerSchool, owned by Vista Equity Partners, has acquired eight companies since June 2015. The strategy has worked for a few older companies: Kaplan, for instance, began in the test-prep business and has since moved into higher education, corporate training (and a.

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Pearson Is Selling Its US K-12 Business—Despite Posting a Profit and Digital Growth

Edsurge

In its latest earnings update, the company confirmed that it is indeed moving ahead with such plans. The publisher sold The Financial Times and its stake in The Economist in 2015. Under his tenure, Pearson has embarked on a rocky transition to refocus Pearson as a digital-focused education company. But those moves may finally be bearing fruit, as the company reported a 2017 adjusted operating profit of £576 million (approximately US $804 million), one year after posting a $3.3

Can Technology in the Classroom Replace Expensive Textbooks

Kitaboo on EdTech

According to NBC’s review of the Bureau of Labor Statistics (BLS) data, textbook prices have risen over 3 times the rate of inflation from January 1977 to June 2015, a whopping 1,041% increase. Cengage recently introduced a new subscription model that gives students access to all of the company’s digital course materials for a semester or an year. Similarly, Pearson has made some of its textbooks available for rent through Chegg.

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Hack Education Weekly News

Hack Education

“ Is Running a Company Like Leading a Classroom? Via The Outline : “The rise and fall of the company behind ’ Reader Rabbit’ and all your favorite educational games.” ” A data breach at Chegg – more details in the data and surveillance section below. The learn-to-code company has raised $6.9 Via Techcrunch : “ Chegg resets 40 million user passwords after data breach.”

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Hack Education Weekly News

Hack Education

Not really ed-tech-related, except for all those companies saying they’re “Uber for education.” The Chan Zuckerberg Initiative ’s CTO, Brian Pinkerton , is leaving the company. ” I mean, as long as data isn’t an issue and tech companies can build voice recognition software that recognizes languages other than English and accents other than Californian. ” The Chronicle of Higher Education on Elsevier “becoming a data company.”

Hack Education Weekly News

Hack Education

” Reminder: here are the education companies Palantir founder Peter Thiel has invested in. Via Edsurge : “What Colleges Should Know About A Growing ‘ Talent Strategy ’ Push By Companies.” Amazon Web Services suffered a major outage this week, knocking many education companies who use AWS offline. ” Via the press release : “ Cengage , McGraw-Hill Education , and Pearson have joined forces with Ingram and Chegg , Inc.

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