Media
contact:
Jennifer Leckstrom
RoseComm for Modern States
[email protected]
Caps on federal Parent Plus loans are forcing new discussions about who should shoulder the costs of college. For years, families have agonized over the rising cost of a degree, yet many have felt they had no choice but to take out whatever loans were necessary to send their children to college. That financial desperation […]
Steve Klinsky, founder and CEO of New Mountain Capital, joins Goldman Sachs’ Alison Mass to discuss the macro landscape, his approach to building businesses, the evolution of the private equity industry.
Steve Klinsky has spent 25 years building New Mountain Capital into one of private equity’s most respected firms, with $60 billion in assets under management across hundreds of portfolio companies. His investment record speaks for itself: a supply chain software company he bought for $600 million sold for over $8 billion. A life sciences firm […]
American higher education has become the policy equivalent of a well-meaning uncle who keeps giving you “investment advice” that leaves you owing him money. What began as a noble idea, let every kid chase the American Dream with federally backed student loans, has quietly turned into a $1.8 trillion debt bomb sitting at the base […]
The Modern States Education Alliance is a free, online nonprofit that helps students take subject tests called CLEP tests. Anyone who scores high enough on a CLEP test can earn college credits. These tests can be costly, but the nonprofit makes it possible for students to take several at low cost.
“You’re just an old man. It’s over for you,” General Parker of Huntington Beach, California, remembers thinking. “I was losing myself.” A retired boilermaker, Parker enrolled in Modern States, a nonprofit online platform that prepared him to pass 16 CLEP (College-Level Examination Program) exams.
“Many students and families know about dual enrollment programs and AP courses that can help them save money and time on college,” said Dr. Pestronk. “But fewer know about options like the College-Level Examination Program. Unlike in years past, today, there are multiple routes available to learners that help them reach their goals without going […]
As an educator, I’m continuously searching for ways to give my students a leg up. When I discovered Modern States, a philanthropic organization offering free online courses that give any student the chance to learn college-level content, I knew it could be transformative for my students.
The cost of U.S. higher education has increased by 180% since 1980, far outpacing income growth. There is more than $1.7 trillion dollars in student loan debt, and even students attending public universities – long understood as affordable – borrow an average of $32,362 to attain a bachelor’s degree. Existing opportunities to get a head […]
As college tuition continues to increase, earning an undergraduate degree is more challenging than ever for millions of students each year. Fortunately, the options for bridging the ever-widening affordability gap are also increasing, allowing students to save money, earn college credits early, and take control of their future. Let’s explore how free and low-cost programs […]
Modern States highlighted on Higher Education Inquirer
The cost of just one year of college education in the United States has skyrocketed to an average of $38,000, putting better job prospects, higher lifetime earnings and perhaps the most important key to socioeconomic mobility in this country out of reach for more and more Americans.
