Google Introduces a Plagiarism Checker for Classroom and Assignments

IBL News | New York

Google unveiled a new functionality on its educational platform, Google Classroom and Assignments, enabling educators to detect plagiarism in students’ work.

The tool, called “Originality reports,” will be publicly available later in 2019, but until then it remains in beta mode.

“Originality reports compare student work against hundreds of billions of web pages and tens of millions of books,” explained Google. “The reports highlight missing citations, ineffective paraphrasing, or unintended plagiarism due to high similarity and link to the external source.”

Students will be able to run Originality reports up to three times before submitting, allowing them to identify and address citation errors.

Google promised that scanned work won’t be retained by its organization. It announced that it plans to add an option for schools to have a private repository of student submissions, so instructors can see peer-to-peer matches.

Google’s Turnitin-style plagiarism detection tool has been in high demand by G Suite for clients in the educational field.

Originality reports will be free for up to three assignments in each course using Google’s tools. Beyond that, an upgrade is needed for a G Suite Enterprise for Education account, which currently starts at $4 per month per instructor.

2U’s New $24K Online Undergrad Degree: Trend of Publicity Stunt?

Mikel Amigot | IBL News

While investors wonder if 2U (NASDAQ: TWOU), the digital higher ed firm, is still a valuable opportunity, especially after it faces an array of class action lawsuits, Academia dissects the new 2U powered $24K online undergraduate 3-year degree program in data science and business analytics, developed by the University of London.

The program will be executed in partnership and under a 10-year contractual revenue share model with the University of London and one of its member institutions, the London School of Economics and Political Science (LSE).

The low price is feasible because almost two-thirds of curriculum is based on asynchronous content and boards.

It follows a facilitator model of instruction where expensive faculty and subject matter expert professors create the course content for multiple runs of the course, and they later oversee less expensive instructors who focus on mentoring users and providing student support.

For example, the live online synchronous classes on Zoom – for 90 minutes biweekly – are conducted by non-faculty, adjunct educators, who lead roughly 40 students each session.

With this approach, scaling the program to host a growing number of enrolled students would require hiring more facilitators, not professors.

Besides, 2U might use its GetSmarter subsidiary – located in South Africa – for more affordable labor on tutoring, instructional design, project and media management.

“This online undergraduate degree will work best for only a specific type of learner. How many 18-year-olds are highly organized and self-motivated enough to navigate an education at a distance? The $24K price tag of this degree demonstrates one model of undergraduate instruction, but I’m not sure that it is a model for undergraduate education,” writes Joshua Kim, director of digital learning initiatives at the Dartmouth Center for the Advancement of Learning.

In general, scholars consider this innovative, alternative program as an experiment, not a trend.

It also could be just a publicity stunt from 2U.

For now, it seems that the world’s top universities prefer to keep their status, exclusivity and tradition on undergraduate programs, rather than lowering the price and expanding access.

 

IBL News, August 6: 2U Announces Its First Online Undergraduate Program

Philanthropy that Helps Learners Earn College Credit for Free Gets 150k Users

IBL News | New York

The Freshman Year for Free philanthropic project, which prepares learners to pass the College Board’s CLEP exam, has attracted over 150,000 active users during its first two years of existence.

This initiative, hosted on moderstates.org, is mostly used by learners seeking to earn credits for a few courses.

Modern States Education Alliance, the philanthropy behind the program, created by New York financier Steve Klinsky, pays the cost for the CLEP exam. This year, he pledged an additional $1,3 million in gifts to students.

A total of $300,000 comes from other foundations, such as the Achelis and Bodman Foundation, the Laura B. Vogler Foundation and The Starr Foundation.

The Heckscher Foundation for Children has also partnered with Modern States, providing funds to New York City public schools in Harlem and the Bronx to facilitate adoption of Modern States.

“No one should be locked from education by lack of funds,” said Klinsky. “The new grants and gifts for Modern States help ensure that many thousands of students can learn at a college level, save on tuition, and move one step closer to earning their diploma.”

“Tens of thousands of poor and underserved youth fail to obtain a degree due to the high cost associated with attending college,” said Peter Sloane, chairman and CEO of  The Heckscher Foundation.

I’ve seen firsthand hundreds of students benefit from this extraordinary opportunity to earn free college credit,” said Darrin Theriaultdirector of academic testing at Kennesaw State University in Georgia.

Modern States includes courses in all 32 subjects for which there is a credit bearing CLEP exam, plus Advanced Placement courses. Courses tied to CLEP exams include: Psychology, Biology, American History, English Literature, College Math, Information Systems, and Introductory Business Law, among others.

In the program, professors participate from universities such as John Hopkins, Columbia, Rutgers, Purdue and others.

The learning platform used is Open edX, and the developer of the tech infrastructure and courseware is New York-based IBL Education.

“Modern States is now America’s leading free college program,” stated David Vise, Modern States’ executive director. “Our program is entirely free for students; no barrier to entry. We are dedicated to make college degree more affordable and accessible to everyone”.

“Modern States provides a great opportunity for students to prepare for CLEP exams and earn college credit, free of charge,” said Emily Paulsen, executive director of CLEP for The College Board. “The Modern States courses are a great resource for working students, service members, and students of all ages and backgrounds to ultimately save on tuition and get a head start on their college degrees.”

The pass rate of students who use ModernStates.org to prepare for a CLEP exam is 75 percent, well above the national average. Each Modern States free course and exam passed can save students and their families $1,000 to $2,000 in college costs, with no taxpayer dollars spent,” said David Vise.

In addition to paying the $89 CLEP exam fee, Modern States reimburses students for test center fees, typically $25. Thousands of colleges and universities accept CLEP for credit, including major universities such as Penn State, Ohio State, SUNY, Texas State, and Morehouse. 

SV Academy Trains and Get High-Paying Jobs to People with Non-Tech Background

IBL News | New York

SV Academy, a two-year-old Bay Area start-up who helps monthly 100 people with non-tech background to lands a high-paying job, has raised a new round of $9.5 million to offer tuition-free training.

The model is simple. Employers pay SV Academy between $12,000 to $15,00 per hire.

Students take a 12-week, training program that teaches the skills necessary for tech-based sales roles, plus ongoing training and mentorship for a year after they graduate.

CEO Rahim Fazal said to TechCrunch it has more interest than it can handle. His company is now receiving 1,000 applications a week.

Fazal says that individuals who complete the program are receiving median job offers of $79,000 plus benefits and, in many cases, equity. In addition, 70% of them are also receiving promotions within their first year.

Companies such as SurveyMonkey, Palo Alto Networks, and PayPal are among the employers.

SV Academy was initially backed by $2 million, that it raised in 2017 from Bloomberg Beta, Rethink Education, Precursor Ventures, Uprising Ventures, 500 Startups, and WTI.

The new influx of capital of $9.5 million in Series A was led by Owl Ventures with participation from Kapor Capital, Strada Education Network, and several earlier backers.

More Securities Class-Action Lawsuits Against 2U for “False or Misleading Statements” During the Second Quarter

A first class-action lawsuit against 2U (NASDAQ: TWOU) is being filed, as more investigations are being conducted.

The Los Angeles-based Glancy, Prongay & Murray LLP announced on August 7 filed a class-action lawsuit in the U.S. District Court for the Southern District of New York.

The case captioned Harper v. 2U. Inc., et al., goes “on behalf of persons and entities that purchased or otherwise acquired 2U securities between February 25, 2019, and July 30, 2019. Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).

Glancy, Prongay & Murray described the case stating:

“On May 7, 2019, the Company lowered its revenue guidance for fiscal 2019 to a range of $534 to $537 million, from prior guidance range of $546.6 to $550.8 million, due to declining average enrollments in some of its largest graduate programs.

On this news, the Company’s share price fell $15.16, or nearly 26%, to close at $44.77 per share on May 8, 2019, on unusually heavy trading volume.

Then on July 30, 2019, after the market closed, the Company reported a larger-than-expected loss for the second quarter of 2019. The Company also revised its guidance for fiscal 2019, expecting a net loss between $157.5 and $151.5 million, compared to prior net loss guidance between $79.0 and $77.2 million, because it would “moderate [its] grad program launch cadence.”

On this news, the Company’s share price fell $23.70, or nearly 65%, to close at $12.80 per share on July 31, 2019, on unusually heavy trading volume.”

The firm alleges that 2U “made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, it failed to disclose to investors: (1) that the Company faced increasing competition in online education and particularly regarding graduate programs; (2) that the Company faced certain program-specific issues that negatively impacted its performance; (3) that, as a result, the Company’s business model was not sustainable; (4) that the Company would slow its program launches; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.”

 

INVESTIGATIONS FOR POSSIBLE VIOLATIONS OF FEDERAL SECURITIES LAWS

In addition to this suit, more law firms are initiating investigations into 2U with respect to possible violations of federal securities laws.

  • The last one is Schall Law, a national shareholder rights litigation firm. “The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.”
  • Oklahoma City-based Federman & Sherwood focuses its investigation “on allegations that on July 30, 2019, after the close of trading, 2U disclosed its financial results for the quarter ended June 30, 2019.”
  • San Francisco-based Hagens Berman Sobol Shapiro’s investigation is related to possible violations of the federal securities laws. “The investigation centers on the accuracy of 2U’s and senior management’s statements about the sustainability of the Company’s business model.” “We’re focused on investors’ losses and the extent to which the Company and current or former senior executives may have misled investors about the accuracy and reasonableness of their previously-issued guidance,” said Hagens Berman partner Reed Kathrein.This firm is also calling whistleblowers, persons with non-public information regarding 2U.
  • On August 5, Bronstein, Gewirtz & Grossman was the first law firm announcing an investigation of 2U.

 

MIT xPRO Launches Its New Fall Catalog for Post-Graduate Working Professionals

IBL News | New York

MIT Professional Development Division has announced a new edition of its Architecture and Systems Engineering series starting at September 30.

This four-course online program, with a duration of 4-5 weeks per course and no application process, will cost $3,249, and upon completion, students will earn a professional certificate from MIT xPRO plus Continuing Education Units (CEUs) –but not credit that can be applied to a degree.

It will explore the newest practices in systems engineering, including how models can enhance functions and how tasks can be augmented with quantitative analysis.

This multi-course is featured in a new fall catalog format.

MIT xPRO, which designs courses for post-graduate working professionals with industry experience, has moved its Open edX-based home page into a new discovery portal located at xpro.mit.edu.

Another program for this fall refers to Leadership Principles for Engineers, Scientists, and Researchers.

 

 

New York Litigation Firm Announces an Investigation of 2U on Behalf of Purchasers

IBL News | New York

Bronstein, Gewirtz & Grossman, known for their aggressive class case actions, announced on Monday an investigation of 2U concerning whether staffers have violated federal securities laws.

This New York-based corporate litigation boutique is investigating potential claims on behalf of purchasers of 2U.

This is how Bronstein, Gewirtz & Grossman described the case:

On July 30, 2019, after-market hours, 2U announced a large loss for the second quarter of 2019. The Company’s Chief Executive Officer, Christopher “Chip” Paucek said that the Company was working toward a “defined path to profitability by tempering short-term growth projections and leveraging our scale to drive greater operational efficiencies across the business.” After this announcement, analysts demoted 2U and some mentioned that its model was “breaking.” Following this news, 2U stock dropped $23.70 per share or almost 65% to close at $12.80.

The firm has encouraged purchasers of 2U shares or investors aware of facts related to the investigation to contact them.

The Motley Fool also said that CEO’s elaboration was “concerning”. However, stock’s drop “might well be a terrible overreaction assuming 2U’s longer-term story remains intact. But it’s hard to blame some investors for fleeing, given the uncertainty created by this massive strategic shift.”

2U ANNOUNCES ITS FIRST ONLINE UNDERGRADUATE PROGRAM

Trying to convince investors that 2U is in good health despite it lost two-thirds of its value last week, the company announced yesterday that it will deliver its first online undergraduate program, a 36-month program Bachelor of Science in Data Science and Business Analytics.

It will be developed in partnership and under a 10-year contract, revenue share model with the University of London and one of its member institutions, the London School of Economics and Political Science (LSE).

LSE faculty will design the degree program and deliver mostly through asynchronous and one-fourth of the content via live classes, according to 2U. The University of London will grant the degree. It will be priced around $21,000 for United Kingdom-based students and $25,000 for international students.

Ten Top Ways Learners Hack Learning According to edX

IBL News | New York

As instructional designers, do we really engineer massive courses with the users’ interests in mind?

An edX instructional team took to social media to ask learners how we can make the most of their learning and studying experience?

Responses suggested ten learning hacks:

1. Break large concepts down into smaller, more digestible pieces. Bite-size learning improves comprehension and retention.

2. Feature podcasts
, audiobooks, and ebooks relevant to the area of study. This will enhance the learning experience and provide a well-rounded perspective.

3.
Enhance interactions and discussion forum participation among students. This is a great way to solidify concepts and gain different perspectives on the topics.


4. Simplify course topics
so students will be able to teach them to others.

5. Regularity and repetition is key to keeping learning consistent and more effective. Students advance when they add time to study in their schedule on a regular basis.

6. Learners operate on a different clock, which means that it’s important to find the right time of the day to study. Some students work better in the morning. Others will do some of their best work in the later hours of the day.

7. Ask for help. Find peers or fellow learners who are knowledgeable on the topic or ask your instructors. This is a great way to clarify concepts that may be difficult to grasp.

8. Real-world practice. Putting learning into practice through projects, case studies or real-world scenarios is a proven way to advance their comprehension, rather than just theorizing and memorizing.

9. Making mistakes and learning from them along the way is a natural part of the process. Don’t shy away from mistakes.

10. Taking notes and revising them are two essential components of learning. Color-code, bullet lists, or draw maps and graphs to make learning stick.

MoodleNet, a New Social Media Platform, Will Debut This Month

IBL News | New York

A new social media platform for educators initially focused on collaboratively curating collections of open content, will debut on August 2019. MoodleNet will replace the existing moodle.net, which will be closed, with the content (i.e. competency frameworks) archived.

“MoodleNet is going to become the place to share and learn from each other to improve the quality of education,” said Moodle on a blog post.MoodleNet, in testing mode since January 2019,  will be an integral part of the Moodle ecosystem.

A MoodleNet plugin will be included as a standard in Moodle 3.8 in November 2019. It will allow users to import resources from the new MoodleNet to Moodle courses.

The guide Sunsetting moodle.net provides more information about the site closing.

Analysts Raise Suspicion: A $23k Degree on edX Prompts Doubts on the 2U Model

 

2U, An Earnings Call to Remember: When Wall Street and Higher Ed Are on the Same Page

 

Mikel Amigot | IBL News

For Wall Street, it’s Nasdaq symbol TWOU, and for Higher Ed, it’s a dubious OPM (Online Program Manager). Equities research analysts care about the stock rating and target price. After the earnings call on Tuesday, when CEO Chip Paucek and CFO Cathy Graham reset the company’s growth expectations for the third time, investment shops rated the stock with either a “Sell” or “Hold” rating. (Yesterday, the stock closed with a loss of 1.72%, ending at a low of $13.65).

TWOU now has a market cap of $813.92 million after shares closed at $13.92 on Tuesday. Two-thirds of its value evaporated in two trading sessions. For the current fiscal year, analysts predict that the Lanham, Maryland, based company will post -1.21 earnings.

The Street isn’t that far from our educational community. Hedge funds, institutional investors, scholars, and edtech commentators agree that a huge part of the problem is price. 2U has a questionable business model based on one premise: students pay standard tuition, but instead of going to class once a week, they meet in a live video chat room with the professor and the other students –Wikipedia dixit.

To make matters more contentious, 2U signs long-term contracts, averaging between 10–15 years in length, with each of its partner universities. These contracts include a revenue-sharing agreement between 2U and the school. 60% to 70% of proceeds can be pocketed by 2U since it developed the curriculum, enrollment marketing and behave as a bank. Essentially, schools –almost always cash strapped and addicted to revenue– are signing away their digital future.

2U’s approach includes a focus on student outcomes with small class sizes, career services, and field placement. In other words, the entire cost structure is based on procuring high prices from students.

2U takes advantage of the magnet of the powerful brand of universities, who despite their history and reputation are incapable to handle technology, online marketing, and instructional design management. This is how 2U lures Wall Street, who only sees P/E ratios, div yields and charts. The Maryland start-up misses the scalability angle –and this is another surprising coincidence between the financial and educational world.

Designing at scale allows serving the masses which cannot afford credit-bearing programs. Affordability and access are key concepts. It is not about continuing to bankrupt students with the argument of online convenience and college credit.

One sharp analyst detected that on the Tuesday call.

Brett Knoblauch, from Berenberg Capital, asked: “I was reading an article about how Boston University is launching a $23,000 degree with edX. Now with the change of structure in your programs, is this something you might expect that you can now offer with universities?”

CEO Chip Paucek’s answer: “We will continue to offer competitive programs in the landscape over the next several years. We have quite a few different MBA programs at different price points, that won’t stop so we will continue…”

Brett Knoblauch: “My question is from a tuition pricing standpoint, I feel like you’re seeing a lot more of these universities move online, and not only move online but move online to cheaper degrees. Your programs are on the higher end of that market.”

CEO Chip Paucek: “We do continue to believe that you have to drive a long-term quality and sustainable business and one that doesn’t exist off the backs of the campus programs. So we do think, over time, it’s really important that both quality and costs will get considered. Now there’s no question that we are working on a variety of things to have — to attack the cost problem very specifically, and we will talk about those in detail at Investor Day.

Oh, yes, the cost problem. “We need to attack it. We got good plans for it.”

A technologically cutting-edge, Wall Street maverick company who reached a net worth of $4.7 billion a year ago and built a volatile business dismissing the main problem of the tuition cost.

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