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EXCLUSIVE: CEO Of Edtech Company Amesite (NASDAQ: AMST) On Student Loan Forgiveness And More — “Loan Forgiveness Offers Some Relief Wanted… But We Know It Does Not Solve The Root Problems”

EQS-News: Amesite Inc. EXCLUSIVE: CEO Of Edtech Company Amesite (NASDAQ: AMST) On Student Loan Forgiveness And More — “Loan Forgiveness Offers Some Relief Wanted… But We Know It Does Not Solve The Root Problems” 27.09.2022 / 20:02 CET/CEST The issuer is solely responsible for the content of this announcement. Learn More about Amesite Inc. by gaining access to the latest research reportBenzinga recently sat down with Ann Marie Sastry, CEO of emerging edtech company Amesite (NASDAQ: AMST), to discuss student loans and forgiveness, going too far with education reform, the future of education and more.

Sastry shares, “We have to figure out how to distribute education and training so that we don’t break the bank. Given the advantages that college degrees confer, it would be crazy to end degree programs. But, we also need system-wide revisions when we are persistently generating huge amounts of debt in the delivery of skills… We have to address the root causes of the problem.”

Sastry discussed the ongoing changes in society and the labor market, and how emerging trends will likely continue to disrupt and give reasons for workers across skill levels to continue their education journey.

“Jobs are getting more and more technologically driven, and so if you have to go to Google to find a course for truck driving and platforms and logistics… you want to be able to go to a trusted 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 ability to distribute – if every university serves their own learners.”

Sastry hammered home the point that many difficulties being faced are not always what they may seem, and that exorbitant marketing budgets to entice prospective learners toward a specific product may be contributing to high costs, and creating inefficiencies where there need not be any.

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