Nexford University Helps Tackle $1.52 trillion Student Debt
Jul 3, 2019
Nexford University is helping increase job prospects without the need for debt
Washington D.C. - July 3, 2019 /MarketersMedia/ —
Nexford University, located in the country’s capital, is tackling the burgeoning student loan crisis with highly relevant, affordable degrees. The university offers a flat monthly tuition fee model, regardless of credits or courses – its one flat affordable monthly fee.
As of June 2018, Forbes reported that total US student debt was $1.52 trillion. Yet, students are leaving university ill-equipped for their careers. Indeed, just 30% of employees have the skills they need to perform their work today, according to The Institute for College Access and Success.
A decade after the great recession, only half of today’s 30-year-olds earn more than their parents. These are the findings of American economist and Harvard Professor Raj Chetty and his coauthors in a paper called “The Fading American Dream”. With earnings down and debt up, students are trapped in an economic squeeze.
“With the rapid advancement of tech, skills are the only barrier between ambitious youth across the world and attractive economic opportunities. Our next-generation university focuses on precisely this,” said Fadl Al Tarzi, Nexford University’s Founder & CEO.
With the amount of debt facing students in the US, a degree must offer return on investment. At Nexford, skills are the new currency. The university surveyed Fortune 500 companies and analysed millions of job vacancies to create a curriculum that delivers on the skills in highest demand. Nexford’s relevant, online educational model, therefore, addresses the systemic skill-gaps. Its students master the skills they need for day one at work, such as how to present a business strategy.
In addition, students pay flat-fee monthly tuition similar to a monthly phone bill, which is designed to be less of a burden. Students are never locked into a long-term commitment and pay the same monthly fee regardless of number of courses or credits, the faster you finish the less you pay. An MBA student, for example, can earn their entire degree for around $2,800 in total.
As well as paying as students go, Nexford’s model is competency-based, meaning it allows people to learn as they go and finish at a pace that best suits their learning preferences.
Students from 11 countries around the world are already enrolled in the university, which went from concept to reality in just a year. Students today need a modern, global education that prepares them for the workplace regardless of where they live, at a cost they can afford – they need, if you will, a scoring chance at a life without debt.
Find out more at www.nexford.org.
About Nexford University
Nexford University is a next-generation university based in Washington DC offering a competency-based learning model. Nexford’s mission is to enable greater social and economic mobility by providing an affordable high-quality education that will positively impact millions of lives around the world.
Nexford offers the following degrees and certificates: Associate of Applied Science in Business (AAS), Bachelor of Business Administration (BBA), MBA, nine undergraduate certificates and three graduate certificates in the field of business. Nexford provides learners with a fully online global education based on mastery of competencies relevant in the workplace. A global team of faculty and advisors support learning and professional success through the innovative use of technology, such as AI and machine learning.
For more information, visit www.nexford.org
Contact Info:
Name: Nexford University
Email: Send Email
Organization: Nexford University
Address: 1140 3rd St. Washington DC 20002
Phone: 202 280 2049
Website: https://www.nexford.org/
Source URL: https://marketersmedia.com/nexford-university-helps-tackle-152-trillion-student-debt/88892301
Source: MarketersMedia
Release ID: 88892301
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