T. Rowe Price Finance Lab

Finance, management departments recognized for teaching outside the box

Two departments in the college of Business and Economics were each recognized for outstanding creative teaching methods with the Innovation in Teaching Award given by the university’s Office of Academic Innovation.

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towson university financial planning students in the finance lab

Financial planning program gets seal of approval from certifying organization

The College of Business and Economics’ business administration major with a track in financial planning is now a CFP Board Registered Program.

CFP Board-Registered Programs are financial planning education programs at the college or university level that meet specific criteria for educating individuals who wish to fulfill the education component for obtaining CFP® certification, which is the standard of excellence for competence and integrity in financial planning.

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Beta Alpha Psi continues its record of ‘Superior’ recognition

TU’s Beta Alpha Psi-Iota Zeta chapter was recognized by the international organization’s headquarters as a Superior Chapter for the 2015-2016 academic year. This is the second year in a row the chapter has received this designation.

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StraighterLine CEO demos a VC pitch

Would you fund a start-up company trying to disrupt the long-standing institution of higher education for $10 million?

Students played the role of venture capitalists and were posed that same question by StraighterLine founder and CEO Burck Smith on Friday at the college’s weekly Entrepreneur Fireside Chat  presented by the College of Business and Economics and the TU Student Launch Pad on Friday.

Smith presented the same proposal he pitched to investors for series C finding two years ago. At the end, he asked who was ready to invest. There was only one taker.

In reality, the real pitch wasn’t a success back in 2014, but the company found funding through other outlets and turned its first profit early last year.

With a background in public policy and journalism, Smith founded StraighterLine in 2009 as a solution to the rapidly growing costs of higher education, which he calls unsustainable.

“I saw a big problem I thought I could fix,” he says.

StraighterLine provides an online credit pathway for students to transfer into accredited universities to earn their degrees. Students can take online courses for a fraction of the cost  they’d pay at community colleges or other institutions with a guarantee that their online credits will transfer to partnering institutions. The service mainly attracts non-traditional students, who happen to make up more than 65% of higher ed students.

The company is growing with 15,000 enrolled students and more than 100 institutions in its network that accept transfer credits.

Smith likened StraighterLine to other web and mobile-based businesses that are disrupting the  status-quo such as Uber, Draft Kings and Air BnB.

“There are some really big opportunities that are challenging existing policies,” he said.

 

Entrepreneur Fireside Chats are open to the community and are held on Fridays through Oct. 28. The next chat is Sept. 30 with Carolyn Yarina of Sisu Global Health.