Nexford University helps solve the $1.5 trillion student debt problem
Nexford University is helping increase job prospects without the need for debt
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 the 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.
Forget buying the family house. Forget choosing to start a business for passion over money. As for fast-tracking a career. Think again. 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 co-authors in a paper called “The Fading American Dream”. With earnings down and debt up, students are trapped in an economic squeeze.
Fadl Al Tarzi, Nexford University’s Founder & CEO, said that with the rapid advancement of tech the next generation faced an increasing demand for upskilling.
With the amount of debt facing students in the US, a degree must offer a return on investment. At Nexford, skills are the new currency. The university surveyed Fortune 500 companies and analyzed 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. Learners are never locked into a long-term commitment and pay the same monthly fee regardless of the number of courses or credits, the faster you finish the less you pay. An MBA learner, for example, can earn their entire master’s degree for around $2,800 in total.
As well as paying as you go, Nexford’s model is competency-based, meaning it allows you to learn as you go and finish at a pace that best suits your learning preferences.
The flexible way to learn while you work means your career advances with you. Nexford’s network is ambitious. Its global learner and alumni community is from 70+ countries – working at top companies such as Microsoft, Boeing, Google, EY, GE, ExxonMobil, and Facebook.
Learners 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.
Updated: January 8, 2020
About the Author
Anna Johnston is an award-winning Head of Content, who tells galvanizing stories with a creative team at Nexford.
Anna was the overall Award 2020 winner for the business case: Satya Nadella at Microsoft: Instilling a Growth Mindset, with Professor Herminia Ibarra and Aneeta Rattan. She is formerly a writer at London Business School, consistently ranked among the world’s best its MBA.
Anna’s work has been published in Forbes, Thomson Reuters, Huffington Post, HR Magazine, the Financial Times, and thought-leading firms such as Accenture and McKinsey & Company.
Anna is a speaker, coach, and presenter. More information about her can be found on LinkedIn.