Most colleges are not following most effective methods for giving obvious and conventional data in their money assist offers. According to GAO’s evaluate of money support provides from a nationally representative sample of colleges, practically two-thirds of colleges comply with 50 {ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} or fewer of the 10 most effective techniques. No college or university in GAO’s sample adopted all 10. For illustration, in accordance to most effective tactics, a higher education need to estimate the internet price—how substantially a scholar will want to pay out to show up at that college—by deducting only grants and scholarships from all important expenditures (e.g., tuition, charges, housing and foods, books, and dwelling expenditures). Nevertheless, GAO identified that an approximated 91 {ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of colleges do not include things like or understate the net cost in their help offers (see figure).
An believed 41 {ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of faculties do not incorporate a internet price. This may perhaps leave college students guessing how considerably they will need to fork out.
An approximated 50 percent of faculties understate the internet cost. Many faculties exclude vital costs and issue in loans that must be repaid. Performing this can make a school show up a lot less highly-priced than it is.
Believed Extent Colleges Observe Greatest Exercise to Notify Students How Substantially They Will Require to Fork out (the Internet Cost) in Financial Support Delivers
Notice: Estimates in this figure have margins of mistake of additionally or minus 7 share factors or fewer.
Federal regulation does not call for schools to contain apparent or common facts in the economical aid features they supply all college students. Instruction has instead inspired faculties to comply with ideal practices, but adoption has been restricted. Faculties current expense and economic assist information in another way, making it hard for pupils and parents to examine delivers and higher education affordability. Though a modern legislation calls for faculties to offer regular money help information to certain student veterans, the lack of economical support give necessities could direct other college students to make uninformed and highly-priced choices, these types of as enrolling in an unaffordable university. Even more congressional motion would be vital to be certain that all students acquire the info they require in their economic support delivers to make informed schooling and economic selections.
Why GAO Did This Examine
The Section of Instruction disbursed approximately $112 billion in financial assist to students by several grant and bank loan programs in fiscal yr 2021. Faculties commonly give college students information about the support for which they are qualified in economical aid provides. Students use these gives to make essential choices, which includes which college to go to and how to finance their education.
GAO was asked to review the details in college fiscal help offers. This report examines the extent to which colleges are (1) subsequent most effective methods to supply obvious and standard information about faculty expenditures and scholar help in their economic help offers, and (2) expected to give this information and facts to enable learners make educated fiscal conclusions.
GAO gathered monetary aid offers from a nationally representative sample of 176 faculties and assessed them towards 10 very best practices from the Department of Education and a fee comprised of 22 federal organizations. GAO also reviewed appropriate federal legislation and restrictions and interviewed experienced federal officials, researchers, representatives of university student advocacy teams, and university economical aid administrators.
CHARLES TOWN, W.Va., Sept. 22, 2022 /PRNewswire/ — American Public Education, Inc. (Nasdaq: APEI) today initiated second half- and full-year 2022 guidance and issued a supplemental financial presentation.
Financial Supplement Highlights:
Consolidated 2022 revenue is expected to be $600 million to $610 million
Consolidated 2022 adjusted EBITDA is expected to be $53 million to $59 million
Pro forma 2022 adjusted EBITDA is expected to be $70 million to $76 million
APEI’s supplemental financial presentation published today can be found under Events & Presentations on APEI.com and as an exhibit to the Current Report on Form 8-K that APEI furnished with the Securities and Exchange Commission on September 22, 2022.
2022 Outlook:
The guidance highlighted above and the following statements are forward-looking statements based on APEI’s current expectations. These statements are forward-looking and actual results may differ materially from those expressed or implied in these statements. APEI undertakes no obligation to update publicly any forward-looking statements for any reason unless required by law. See “Forward-Looking Statements” below and refer to APEI’s supplemental financial presentation for further details.
2022 Guidance1
($ in millions)
Second Half 2022
Full Year 2022
APEI Consolidated Revenue
$295.6 to $305.6
$600.0 to $610.0
APEI Adjusted EBITDA
$21.1 to $27.1
$53.0 to $59.0
Pro forma Adjusted EBITDA(1)
$70.0 to $76.0
(1)Pro forma Adjusted EBITDA = Adjusted EBITDA plus $15 million in cost savings run-rate and one-time items (annualized estimated cost savings for savings in labor costs expected to occur in the fourth quarter of 2022 and one-time 2022 transition and integration items for Graduate School USA) plus $2 million in annualized non-recurring marketing costs (estimated marketing cost savings from in-sourcing marketing-related execution services in 2022)
Non-GAAP Financial Measures:
This press release contains the non-GAAP financial measure of Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization less non-cash expenses such as stock compensation and non-recurring expenses) and pro forma adjusted EBITDA (adjusted EBITDA plus annualized cost savings and one-time items plus non-recurring marketing costs). APEI believes that the use of these measures is useful because they allow investors to better evaluate APEI’s operating profit and cash generation capabilities.
Each of these measures excludes non-cash impairment charges, the adjustment to the gain on acquisition, non-cash compensation expense, loss on disposals of long-lived assets, and M&A-related professional fees.
These non-GAAP measures should not be considered in isolation or as an alternative to measures determined in accordance with generally accepted accounting principles in the United States (GAAP). The principal limitation of our non-GAAP measures are that they exclude expenses that are required by GAAP to be recorded. In addition, non-GAAP measures are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses are excluded.
APEI is presenting adjusted EBITDA in connection with its GAAP results and urges investors to review the reconciliation of adjusted EBITDA to the comparable GAAP financial measures that is included in the tables following this press release (under the captions “GAAP Outlook Net Income to Outlook Adjusted EBITDA”) and not to rely on any single financial measure to evaluate its business.
APUS, which operates through American Military University and American Public University, is the leading educator to active-duty military and veteran students* and serves approximately 90,000 adult learners worldwide via accessible and affordable higher education. Rasmussen University is a 120-year-old nursing and health sciences-focused institution that serves approximately 15,000 students across its 23 campuses and student service centers in six states and online. It also has schools of Business, Technology, Design, Early Education and Justice Studies.
Hondros College of Nursing focuses on educating pre-licensure nursing students at its six campuses in Ohio and one in Indiana. It is the largest educator of PN (LPN) nurses in the state of Ohio** with approximately 2,440 students. GSUSA is a leading training provider to the federal workforce with an extensive portfolio of government agency customers. It serves the federal workforce through customized contract training (B2G) to federal agencies and through open enrollment (B2C) to government professionals.
Both APUS and Rasmussen are institutionally accredited by the Higher Learning Commission (HLC), an institutional accreditation agency recognized by the U.S. Department of Education. Hondros College of Nursing is accredited by the Accrediting Bureau of Health Education Schools (ABHES). GSUSA is accredited by the Accrediting Council for Continuing Education & Training (ACCET). For additional information, visit www.apei.com.
*Based on FY 2019 Department of Defense tuition assistance and Veterans Administration student enrollment data, as reported by Military Times, 2020.
**Based on information compiled by the National Council of State Boards of Nursing and Ohio Board of Nursing.
Forward Looking Statements
Statements made in this press release regarding APEI or its subsidiaries that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about APEI and the industry. In some cases, forward-looking statements can be identified by words such as “anticipate,” “believe,” “seek,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “should,” “will,” “would,” and similar words or their opposites. Forward-looking statements include, without limitation, statements regarding expected growth, registration and enrollments, revenues, income and adjusted EBITDA, pro forma adjusted EBITDA, EBITDA, estimated cost savings, benefits of the acquisition of Rasmussen University and plans with respect to recent, current and future initiatives.
Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, among others, risks related to: the effects, duration, and severity of and APEI’s response to the COVID-19 pandemic; adverse effects on demand as the pandemic abates; APEI’s dependence on the effectiveness of its ability to attract students who persist in its institutions’ programs; changing market demands; APEI’s inability to effectively market its institutions’ programs; APEI’s inability to maintain strong relationships with the military and maintain course registrations and enrollments from military students; APEI’s loss of its ability to receive funds under tuition assistance programs or the reduction, elimination, or suspension of tuition assistance; adverse effects of changes APEI makes to improve the student experience and enhance the ability to identify and enroll students who are likely to succeed; APEI’s need to successfully adjust to future market demands by updating existing programs and developing new programs; APEI’s failure to comply with regulatory and accrediting agency requirements and to maintain institutional accreditation; APEI’s loss of eligibility to participate in Title IV programs or ability to process Title IV financial aid; entering into and integrating acquisitions, including the integration of RU and GSUSA; APEI’s dependence on its technology infrastructure; and the various risks described in the “Risk Factors” section and elsewhere in APEI’s Quarterly Report on Form 10-Q for the period ended June 30, 2022 and Annual Report on Form 10-K for the year ended December 31, 2021, and in other filings with the SEC. You should not place undue reliance on any forward-looking statements. APEI undertakes no obligation to update publicly any forward-looking statements for any reason, unless required by law, even if new information becomes available or other events occur in the future.
Contacts: Ryan Koren AVP, Investor Relations & Corporate Development (610) 428-7376
GAAP Outlook Net Income to Outlook Adjusted EBITDA:
The following table sets forth the reconciliation of the Company’s projected GAAP net income to the calculation of projected adjusted EBITDA for the six and twelve months ending December 31, 2022:
HANGZHOU, China, July 13, 2022 /PRNewswire/ — Hailiang Instruction Group Inc. (Nasdaq: HLG), (“Hailiang Schooling”, the “Company” or “We”), an education and management services provider in China, today announced that on July 11, 2022, the Business acquired two notices of deficiency (just about every, a “See”, and collectively, the “Notices”) from the Listing Skills Division of The Nasdaq Stock Market place (the “Nasdaq”), stating that the Corporation was not in compliance with Nasdaq Listing Rule 5250(c)(2) and Nasdaq Listing Regulations 5620(a) and 5810(c)(2)(G) for ongoing listing, since the Organization unsuccessful to timely file its semi-annual financial information for the 50 percent year finished December 31, 2021 on Variety 6-K (the “1H 2022 6-K”) with the U.S. Securities and Trade Fee (the “SEC”), and failed to hold an once-a-year assembly of stockholders (the “2022 AGM”) inside 12 months of the stop of the Firm’s fiscal calendar year close. The Notices have no rapid result on the listing or buying and selling of the Firm’s securities.
(PRNewsfoto/Hailiang Schooling Group Inc.)
Below Nasdaq procedures, for the 1H 2022 6-K, the Enterprise has 60 calendar days from the day of the Recognize to post a prepare to get back compliance, and if Nasdaq accepts the Firm’s approach, Nasdaq could grant an exception of up to 180 calendar days from the because of day of the 1H 2022 6-K, or until finally December 27, 2022, to get back compliance. On the other hand, there is no assurance that Nasdaq will take the Firm’s plan for the 1H 2022 6-K to regain compliance, or that the Organization will be equipped to regain compliance inside of any extension period granted by Nasdaq. The See more states that in identifying irrespective of whether to settle for the Firm’s approach for the 1H 2022 6-K, Nasdaq will think about this kind of factors as the probability that the 1H 2022 6-K, alongside with any subsequent periodic submitting that will be thanks, can be produced in just the 180 day period of time, the Company’s previous compliance heritage, the motives for the late submitting, other corporate gatherings that may perhaps come about within just Nasdaq’s critique time period, the Firm’s general fiscal condition and its community disclosures. If Nasdaq does not take the Firm’s plan for the 1H 2022 6-K, then the Company will have the opportunity to charm that conclusion to a Nasdaq hearings panel.
For the 2022 AGM, the Organization has 45 calendar days to submit a plan to regain compliance with the Guidelines. If Nasdaq accepts the Firm’s plan for the 2022 AGM, Nasdaq may possibly grant the Enterprise an extension of up to 180 calendar times from the Company’s fiscal calendar year conclusion, or until eventually December 27, 2022, to get back compliance. The Discover even more states that in determining whether or not to settle for the Firm’s strategy for the 2022 AGM, Nasdaq will take into consideration these types of issues as the chance that the annual assembly can be held in the 180-working day period, the Company’s earlier compliance record, the causes for the delayed meeting, other company occasions that may possibly come about all through the evaluation period, the Company’s all round fiscal condition and its public disclosures. If Nasdaq does not acknowledge the Firm’s approach for the 2022 AGM, the Corporation will have the option to charm the conclusion in entrance of a Nasdaq Hearings Panel.
The Enterprise unsuccessful to file the 1H 2022 6-K with the SEC and failed to hold the 2022 AGM on a timely basis mainly because it has been focusing its means on its formerly introduced going non-public transaction (the “Privatization”), which is predicted to close in the course of the 3rd quarter of 2022. If consummated, the Privatization would final result in the Enterprise getting a privately held company and its American Depositary Shares would no lengthier be stated on the Nasdaq.
The Organization is functioning diligently to file its 1H 2022 6-K and maintain its 2022 AGM as quickly as practicable and inside of the timeline approved by Nasdaq.
About Hailiang Instruction Group Inc.
Hailiang Education and learning Group Inc. (Nasdaq: HLG) is an instruction and administration services service provider in China. The Firm mostly focuses on furnishing distinguished, specialised, and internationalized education and learning. Hailiang Education is focused to supplying pupils with large-excellent high faculty curriculum education, college student management products and services, ancillary educational expert services, and training and administration companies, and it strives to manage the high quality of its students’ existence, analyze, and improvement. Hailiang Schooling adapts its educational solutions centered upon its students’ particular person aptitudes. Hailiang Training is devoted to bettering its students’ educational capabilities, cultural achievements, and international perspectives. For extra data, be sure to visit http://ir.hailiangedu.com.
Forward-Hunting Statements
This press launch consists of data about Hailiang Education’s look at of its long run anticipations, plans, and prospects that represent ahead-hunting statements. These ahead-wanting statements are designed under the safe and sound harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995. All statements other than statements of historic points in this announcement are ahead-wanting statements, like, but not confined to the next: the Company’s enterprise plans, the Firm’s potential company development, results of functions, and monetary problem, anticipated adjustments in the Firm’s earnings and specific price or cost merchandise, its potential to increase further funding, its means to preserve and expand its business enterprise, the Company’s potential to file the 1H 2022 6-K and maintain the 2022 AGM in just the respective compliance period of time and regain compliance for ongoing listing underneath the Nasdaq Listing Regulations, the Company’s capacity to consummate the Privatization as prepared, and other hazards thorough in the Firm’s filings with the U.S. Securities and Trade Commission (the “SEC”), as very well as the Agenda 13E-3 transaction statement and the proxy statement to be filed by the Firm. Hailiang Schooling could also make written or oral ahead-wanting statements in its periodic reviews to the SEC, in its yearly report to shareholders, in press releases and other composed products, and in oral statements created by its officers, administrators, or staff to 3rd get-togethers. Statements that are not historic details, which includes statements about Hailiang Education’s beliefs and anticipations, are forward-hunting statements. Ahead-wanting statements include inherent risks and uncertainties, no matter whether acknowledged or mysterious, and are centered on recent anticipations and projections about potential situations and economic tendencies that the Enterprise thinks may possibly impact its money situation, success of operations, small business system, and economic requires. Investors can recognize these forward-looking statements by phrases or phrases this kind of as “may possibly,” “will,” “will make,” “will be,” “assume,” “foresee,” “purpose,” “estimate,” “intend,” “prepare,” “believe,” “likely,” “continue,” “endeavor to,” “is/are very likely to,” or other equivalent expressions. Further more facts pertaining to these and other risks is included in our once-a-year report on Sort 20-F and other filings with the SEC. All data offered in this press release is as of the day of this push launch, and Hailiang Education undertakes no obligation to update any forward-on the lookout statements, besides as may be needed underneath relevant law.
For additional details, make sure you speak to: Mr. Litao Qiu Board Secretary Hailiang Instruction Group Inc. Phone: +86-571-5812-1974 Email: ir@hailiangeducation.com
In this digital age, Content Writer is one of the professions that many companies are looking for to grow their platform. This is due to the shift in news and marketing media from electronic to conten.digital forms.
Becoming a Content Writer is not as easy as it looks, because it requires good language skills. Content Writer requires qualified skills and must understand well its main tasks. What are the most important duties and responsibilities of a content writer? Content writers must be responsible for their work, smart, thorough, always have new ideas, & can analyze what readers want.
7 Main Duties of a Content Writer
Content writers must know their duties so that what is written has more value and can reach the target reader. Writing must also be easy to read and easy to understand. These are the 7 main tasks of a Content Writer that you must know.
1. Content Writer is in charge of writing content that is following the order and is relevant to the platform to be filled. For example, for a health website, the content will certainly be different from a technology website.
2. Content Writer must analyze or do research, before writing. The data or information contained in the writing must be trusted and can be accounted for by the content writer.
3. Content Writer is tasked with finding keywords or keywords to write about because this is closely related to SEO so that the writing can be easily found by readers through Google searches.
4. A content writer is also tasked with educating his readers, by being able to present complex but easy-to-understand information.
5. Content Writers who work in the Marketing division, then Content Writers must be able to make the products offered easy to find, as well as the website can get a lot of viewers. Content Writer in the marketing division is one of the most profitable positions for the company.
6. Content Writer in charge of understanding a good writing format.
This includes making your edits and making sure the spelling of punctuation marks is good and correct in the created manuscript.
7. Content Writer in charge of completing his writing according to the deadline. A credible and professional Content Writer will have no difficulty in getting a job or writing an order if they can be trusted to carry out their duties according to the agreement.
A series of skills and abilities that a content writer must have SEO
Content writers must know what is meant by SEO-friendly content criteria. Content writers must be observant and always updated with this SEO development.
Have Good Writing Skills
It is undeniable, not everyone can be a good and true writer. Writing skills must be learned, including understanding the writing format that is following applicable rules. Writing looks very easy but professional writing must be learned.
Great Curiosity
Before writing an article, the writer must have the will to dig up information from various places to get reliable data and information. It is a moral burden for the writer if the information he presents turns out to be untrue, especially if it contains hoaxes. Doing this research is a skill that is very mandatory for content writers.
Reading Target Reader
Content writers must also have the ability to read the target reader, this skill is very important in writing. The way and style of our writing must be adapted to the target reader. For example, writing for an adult reader will be different for a young target audience.
Understanding What Readers Want
Well, for one, content writers have to keep updating about information that is currently busy among the public, both at home and abroad. The ability to find themes, titles and keywords for writing that readers like requires a learning process and sensitivity.
BEIJING, Dec. 30, 2021 /PRNewswire/ — Rise Education and learning Cayman Ltd (“Rise” or the “Firm”) (NASDAQ: REDU), right now announced that it has shut its earlier announced sale (the “Sale”), in which, the Enterprise has bought (i) all of the equity passions in Rise (Tianjin) Instruction Facts Consulting Co., Ltd. to Wuhan Xinsili Culture Improvement Co., Ltd. on December 28, 2021 and (ii) all of the equity pursuits in Increase Instruction International Restricted and Increase IP (Cayman) Minimal to Bain Cash Rise Education IV Cayman Restricted on December 30, 2021. On completion of the Sale, the Company has, by its subsidiaries, sold considerably all of its assets.
In relationship with the Sale, on December 30, 2021, the settlement (“Settlement”) with the loan providers (“Creditors”) of the facilities agreement dated March 18, 2021 relating to the phrase and revolving services of up to an mixture total of US$80,000,000 has also been done. As part of the Settlement, all desire in the Edge business enterprise that delivers admission consulting, academic tutoring and test planning services in Hong Kong and Singapore for learners who intend to research overseas has been transferred to a individual nominated by the Loan companies.
For further details of the Sale and the Settlement, you should evaluation the Kind 6-K furnished by the Corporation to the SEC on December 1, 2021.
Risk-free Harbor Assertion
The Company’s push launch may consist of statements of a ahead-on the lookout nature. These statements are designed below the “harmless harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. You can identify these ahead-searching statements by terminology these types of as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These ahead-hunting statements include known and not known pitfalls and uncertainties and are based on current anticipations, assumptions, estimates and projections about Increase and the market. All details supplied in this press launch is as of the date hereof, and Increase undertakes no obligation to update any ahead-wanting statements to reflect subsequent happening events or instances, or modifications in its expectations, apart from as might be necessary by legislation. Despite the fact that Rise believes that the expectations expressed in these forward-wanting statements are affordable, it cannot assure you that its anticipations will flip out to be correct, and buyers are cautioned that precise effects may possibly vary materially from the predicted effects.
For investor and media inquiries, please get in touch with:
Luna Xing Rise Education and learning E-mail: riseir@rdchina.web Tel: +86 (10) 8559-9191
