EXCLUSIVE: Edtech Company CEO Amesite (NASDAQ:AMST) on Student Loan Forgiveness and More – ‘Loan Forgiveness Provides Some Wanted Relief…But We Know It Doesn’t Address Core Problems’ – Amesite (NASDAQ :AMST)

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Benzinga recently sat down with Ann Marie Sastry, CEO of an emerging edtech company amesite AMSTto discuss student loans and forgiveness, going overboard with education reform, the future of education and more.

Sastry shares, “We need to figure out how to distribute education and training so that we don’t break the bank. Given the benefits that college degrees confer, it would be crazy to end degree programs. But we also need system-wide overhauls when we are constantly running up huge debts in the provision of skills… We need to address the root causes of the problem.

Sastry discussed the ongoing changes in society and the job market, and how emerging trends are likely to continue to disrupt and give workers of all skill levels reason to pursue their educational journey.

“Jobs are becoming more tech-driven, so if you have to go to Google to find a course in truck driving, rigs and logistics…you want to be able to go to a reliable source. and buy that product. It’s about distribution channels, who has the trust and who has the ability to distribute. Our university system has a great capacity to distribute – if each university serves its own learners.

Sastry insisted that many difficulties encountered are not always what they seem, and that exorbitant marketing budgets to attract potential learners to a specific product can contribute to high costs and create inefficiencies where it is. there is no need.

Many universities are rightly afraid of trying to “boil the ocean” by offering professional programs, knowing that they will be competing with bigger brands, established players and private companies. A model of success for the vast majority of universities is to focus on their own pre-college recruits, undergraduates and alumni, offering them programs that develop the skills they know they need. To do this, they need to deliver a great experience on their own brands, at an affordable price and using the marketing channels they already have.

Amesite’s software powers institutions such as Wayne State University and its proprietary learning community called Warrior TechSource. The university reports a 98% retention rate across its programs and has received positive user reviews in the first three years of working with Amesite.

According to Sastry, “Amesite enables these institutions to launch their own brands and use their own content, that of a third party or created by Amesite, to assemble portfolios that meet the real needs of learners. When we look at what’s happened with student debt and look at the different ways that universities can create sustainable income and offer products that aren’t outrageously expensive, one of the main ways is to reduce marketing and focus on supporting cohorts that they already have access to with relevant and timely learning products. »

Improving your skills in the era of digital transformation?

“What we are doing in society right now is not sustainable, and online will be the way to upskill the vast majority of professionals… Just-in-time learning is the most important type of learning for society and for United States Competitiveness,” Sastry said.

Technology has created new opportunities for people looking to learn new skills required for a new or challenging position. With good internet connectivity, anyone can enroll in an online course, certification or degree program offered by platforms such as Coursera Inc. COURTUdacity, edX and 2U inc. OF THEM.

However, concerns about the quality of materials and instruction offered by these online course providers also seem to have increased. Amesite reports that it is disrupting the education technology (ed-tech) industry by bringing technology that could significantly help improve user experience by solving credibility and usability issues.

“Amesite enables a change in the distribution model, instead of funding a huge degree of marketing…at the end of the day, you can deliver things at a small fraction of the cost. Our disruption of the business model doesn’t require that the infrastructure is disrupted, just as Uber and Lyft did not require new roads to be built.

To learn more about Amesite, visit https://clients.tradigitalir.com/amst/

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

Featured photo from Shutterstock

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