June 15, 2015 – June 22, 2015

 School Facility Marketplace

 Industry Related Reports

National News

  • US Edtech Brings in $145M in May
    “US edtech raised $145.4M in May 2015, according to analysis by EdSurge. The funding was spread across 18 different deals; at least 41 unique investors participated….”
  • Why Does a College Degree Cost So Much?
    “If you look at the long-term trend, [college tuition] has been rising almost six percent above the rate of inflation,” said Ray Franke, a professor of education at the University of Massachusetts, Boston. “That’s brought immense pressure from the media and general public, asking whether college is still worth it….”
  • Higher Education Spending Gap Narrows Between State, Federal Government
    “Between 1987 and 2012, states provided an average of 65 percent more funding for higher education than the federal government. But according to a new report by Pew Charitable Trust, that gap has narrowed considerably since the recession, with federal funding on the rise as state funding declines….”
  • Pearson to Sell PowerSchool to Vista Equity Partners for $350M
    “This is the third change of hands for PowerSchool, which was first developed in 1997 and sold to Apple in 2001 and Pearson in 2006. Currently used by about 15 million students in 73 countries, PowerSchool generated $97 million in revenues and $20 million in operating income in 2014….”
  • Career Education Transfers Ownership of Brooks Institute to gphomestay
    “Career Education Corporation today announced that it has closed on an agreement transferring control of Brooks Institute, one of its Career College institutions, to gphomestay, a global leader in providing international education opportunities for students. Terms of the agreement were not disclosed….”
  • Does Campus Beauty Matter?
    “Being recognized as a “beautiful campus” goes beyond just having curb appeal. In fact, institutions that are consistently chosen for so-called “most beautiful college campuses” rankings put a lot of resources and effort into demonstrating a correlation between campus aesthetics and academic reputation. For many, that commitment is paying off….”
  • Building a Better College Campus
    “The survey took a look at the inspiration behind campus construction efforts and the overall institutional impact of the projects. With student enrollment growth being a big motivational factor for new buildings and renovations, it’s not surprising that academic buildings and residence halls are the top project types….”
  • Education Dept. Calls Imminent Rule a Reminder to States of Their Oversight Role
    “The U.S. Department of Education, in a letter meant to highlight to states their responsibilities to oversee colleges and protect students, reminded colleges on Friday that, beginning on July 1, they could lose their eligibility for federal student-aid programs if they aren’t authorized by a state agency that has a policy meeting minimum federal requirements….”

Local News

California

  • San Jose: Rocketship Gets OK to Open 10th School
    “Overruling the objections of a local school board, the Santa Clara County Board of Education late Wednesday approved a new Rocketship charter school in San Jose, planned to open in August 2016….”

Indiana

Nevada

  • Nevada is Changing the Education Financing Landscape
    “Instead of assigning students to the nearest brick-and-mortar public school, regardless of whether it meets their needs or is underperforming, Nevada now enables families to instead have their child’s share of state education dollars deposited into a parent-controlled savings account. Parents can receive anywhere from 90 percent to 100 percent of the state per pupil allocation deposited into their ESA account, and are then able to access funds via a restricted-use debit card….”

Virginia

  • Sweet Briar Reaches Deal to Stay Open
    “Sweet Briar College, the women’s liberal arts college in rural Virginia that announced it would close in August — setting off a storm of protest and lawsuits from students, faculty and alumnae — will remain open for at least another academic year under an agreement announced Saturday by the attorney general of Virginia….”

Washington

  • University of Washington and Chinese University Unite to Form Technology Institute
    “With hometown companies like Amazon and Microsoft, this bustling region on the Puget Sound easily ranks in the top tier of technology hubs in the United States. But the area lags its peers in one glaring way: It is home to a single major research university, the University of Washington, while nearly every other big technology scene in the country has at least two.

Washington D.C.

  • American University Faces Big Housing Crunch this Fall
    “American University faces an on-campus housing shortage this fall. The school accepted more students than it has room for, ABC 7 reports. American offered $500 gift cards to entice students to give up their on-campus living assignments. Officials also offered to waive the $500 termination fee for housing.

World News

  • International School Enrollments Hit Four Million
    “The number of students at English medium international schools continues to rise, according to new research by the International School Consultancy (ISC)….”
  • Ed Tech Investment Surges in China
    “It said that ed tech firms in China had raised $321 million (£204 million) in in 2014, up 400% year on year. That was across 26 deals, an 18% increase….”
  • Dubai: Fees Raised at 117 Private Schools
    “Dubai’s regulator has approved tuition fee increases at 117 private schools for the next academic year. Schools can charge an extra 2.92-5.84%, depending on their academic rating, to help them meet rising operating costs such as rent or energy bills….”
  • U.S. For-Profits in Brazil
    “Business is booming in Brazil for DeVry Education Group, an Illinois-based, publicly traded for-profit education company. DeVry reports that it enrolls more than 58,000 degree-seeking students in Brazil, plus another 53,000 students in test preparatory programs there….”