EQS-News

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” - Seite 2

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 received positive user reviews in the first three years it worked with Amesite.

In Sastry’s words, “Amesite enables these institutions to launch on their own brands, and utilize their own, third party or Amesite-created content, to assemble portfolios that meet learners’ real needs. When we look at what’s happened with student debt, and look at the different ways that universities can create sustainable revenue and deliver products that aren’t grossly expensive, one of the biggest ways is to cut down on marketing and focus on supporting the cohorts that they already have access to with learning products that are relevant and timely.”

Upskilling In The Era Of Digital Transformation?

“What we’re doing right now in society is not sustainable, and online is going to be the way that the vast majority of professionals will be upskilled… Just-in-time learning is the most important type of learning for society, and for US competitiveness” said Sastry.

Technology has created new possibilities 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 provided by platforms such as Coursera Inc. (NYSE: COUR), Udacity, edX and 2U Inc. (NASDAQ: TWOU).

However, concerns about the quality of materials and instruction offered by these online course providers has seemingly also grown. Amesite reports disrupting the education technology (ed-tech) sector by bringing technology that might significantly help to improve the user experience through 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 in the business model doesn’t require that the infrastructure gets turned upside down, just like Uber and Lyft didn’t require that new roads get built.”