🌆 Making Education Financing More Affordable. ‘Back To School’ is 1 Week Away

Happy Monday 👋

Student debt and affordability has been the central discussion point surrounding education financing. This week, efforts to make higher education more affordable took center stage across the US. Michigan expanded college financing, offering free college tuition to qualifying residents, following Massachusetts’ bold move in July to offer tuition free community college. However, it’s not all smooth sailing—on the federal front, the Department of Education is trying to recover from a recent FAFSA rollout snafu that left many students struggling to enroll. They’re now planning to test a new method later this year. These developments highlight the ongoing push to remove financial barriers, but also the challenges that come with systemic changes. ‘Financing Education' is one of 50+ trends the HolonIQ research team tracks and will be highlighted at this year’s HolonIQ’s Back to School Summit to be held on September 10-11, 2024. If you're a HolonIQ customer, click on the Financing Education Market Map to get to the data. Request a Demo if you'd like to explore a subscription with HolonIQ.

⏰ 1 Week to Go. Register Now for the HolonIQ ‘Back to School’ Summit. NYC 10-11 September.

Connect with the people, institutions, ideas and new models that are transforming traditional forms of higher education, from digital and AI led innovation, to micro-credentials and workforce upskilling, global and international education and the future of jobs and industry engagement.

Tickets will sell out in the coming weeks for the HolonIQ Back to School Summit in New York on September 10–11 in New York City. The Summit will bring together 500 influential leaders from Pre-K to Higher Education and Workforce, Philanthropic foundations, leading education companies and policymakers, major institutional investors, and technology leaders for roundtables, presentations, and networking. Register here before tickets sell out.

💪 Power Moves

📵 France to Trial Ban on Mobile Phones in Schools for Under-15s. The French government is planning to trial a ban on the use of mobile phones in schools for children under 15 years old and, if successful, would roll out nationwide in early 2025.

🤖 ASU Collaborates with OpenAI to Enhance Education. These two powerhouse organizations are partnering to explore how generative AI, like ChatGPT, can be used to improve education learning.

📚 Australia Released Plan to Limit International Student Numbers. The Australian government released details this week on their plan to introduce caps on the number of international students allowed to study in the country.

💰 Deals of the Week

💸 Hillhouse Capital, a Chinese private equity firm, is set to acquire all Asian schools that are a part of Dulwich College International, an international school network, for $600M.

👶 Kreedo, an Indian early childhood education management system provider, raised $4M in a Series A round led by Haritas Capital. 

🏫 SP Jain Group, an Indian private business school, acquired California Miramar University to expand its reach into the US.

🌐 Talk Straight, a UK broadband supplier for K12, acquired Internet4Schools, a similar connectivity provider. 

💻 Tactical Management, a financial firm based in Hong Kong, acquired Paris Metropolitan University, an online university in France. 

Thank you for reading. Have a great week ahead!
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