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Higher Education Plans Remain Unchanged for Majority of High School Families Despite Challenges Introduced by COVID-19

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Despite the challenges and uncertainty caused by COVID-19, 86% of high school juniors, seniors, and their families remain confident in the value of higher education, and 80% are still planning to attend, according to new research from Sallie Mae and Ipsos.

Sallie Mae and Ipsos interviewed high school students and parents in January for its inaugural Higher Ambitions: How America Plans for Post-secondary Education report and went back into the field in April to see whether the effects of the COVID-19 global pandemic had changed high school juniors and seniors perceptions about planning for college.

In April, more students reported planning to attend post-secondary education (80% vs. 75%), more families reported having a plan to pay for higher education (67% vs. 61%), and more have savings set aside (56% vs 51%) for post-secondary education. In addition, seven in ten families are willing to stretch financially to pay for college, the same proportion as reported in January.

More families are concerned about the effect COVID-19 will have on their financial wellbeing than their personal wellbeing. Specifically, 49% are concerned about the stock market and college savings investments, 30% are concerned about needing to use college savings for other costs or the parent losing a job, and 25% are worried about becoming infected with the virus.

High school families are worried and feel uncertain because of the COVID-19 pandemic, however, the situation is currently seen as temporary, said Jennifer Berg, director, Ipsos. Despite living in this turbulent time, these families are just as, if not more, committed to their plans for their high school students future.

In April, the majority of families, 57%, believe the student will take some online courses in post-secondary education compared to 49% in January, and 81% believe that online education should cost less than an on-campus experience.

Just 61% students report completing the Free Application for Federal Student Aid (FAFSA) by April. The application, which is used to determine eligibility for more than $150 billion in scholarships, grants, and federal financial aid, is available to students and families on Oct. 1. Those waiting to complete it could be missing out on thousands of dollars in first-come, first served aid and may not even receive a financial aid offer letter from schools.

Creating a plan to pay for higher education is a family decision, and often times, its the first, big lesson in money and adulting where students participate, said Donna Vieira, executive vice president, Sallie Mae. No doubt the COVID-19 pandemic has presented uncertainty, changes, and challenges for all types of family decisions, including their plans for higher education. Still, its incredibly encouraging to see how resilient families are, unwilling to let coronavirus disruption steer them off course and determined to make post-secondary education happen even if they have to do it differently than originally planned. Families are committed to taking steps to ensure what they do today will be a foundation for success tomorrow.

The report also highlights that those families who have a plan to pay for post-secondary education are nearly three times as likely to be confident about meeting the cost of college.

Higher Ambitions: How America Plans for Post-secondary Education reports the results of interviews with 1,503 parents of high school students and 1,507 high school students between Jan. 8, 2020 and Jan. 17, 2020. In addition, an addendum of the research was conducted with 500 parents of high school juniors and seniors and 500 high school juniors and seniors between April 10, 2020 and April 22, 2020.

The complete report can be found at www.SallieMae.com/HowAmericaPlans.

Start a plan to pay for higher education at www.salliemae.com.

Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Ashley Boucher

302.451.0452

[email protected]

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Huawei Releases Banking Resilience Index for 2020 and Beyond

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Measuring the Banking Industry’s Rises to the New Normal

SHANGHAI, Sept. 27, 2020 /PRNewswire/ — At HUAWEI CONNECT 2020, International Data Corporation (IDC), the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications and consumer technology markets, along with Huawei, have released a major White Paper titled "Banking Industry Rises up to the New Normal".  In this paper, IDC and Huawei survey the impact that Covid-19 has had on the banking industry and outlines steps that should be taken by banks to ensure their future success.  As part of this report, IDC and Huawei has developed a Banking Resilience Index, which quantifies the current status of banking by region in terms of six key measures.  This Index shows major regional differences and can be used by banks to assess their own Resilience and provides guidance for where to focus for future success.

At HUAWEI CONNECT 2020, Huawei and its partners are showing the wide range of FSI solutions, including Financial Cloud, smart branches, digital CORE and intelligent data platforms.  These solutions allow banks to reduce costs, increase agility to the rapidly changing FSI environment, attract and retain customers and position themselves against emerging competitors.  The recent disruptions to everyday life have moved the focus of financial services to Mobile and Huawei has been a leader in supporting the move to mobile interactions globally, based on the early experiences in China.  The insights we are sharing are allowing financial customers globally to respond and support customers in these trying times.

These experiences led Huawei to work with IDC on this report.  Some of the major findings in the report concern the financial impact of the pandemic on bank’s balance sheets, the exponential increase in digital payments from mobile devices and the dramatic shift in the role of branches in banking services.  In looking to the future, IDC finds that efforts should concentrate on:

Channel Upgrades – moving to a completely digital customer journey,
Communication Rethink – changing how services are delivered to customers,
Infrastructure Overhaul – building on hybrid cloud and microservices,
Data and Analytics Redefinition – building robust data lake and AI capabilities,
Workflow Reimagining – moving beyond paper and PCs to mobile workflows, and
Platform Transformation – incorporating emerging technologies such as 5G, AI and IoT, etc.

Taken together, the Banking Resilience Index and the focus areas, provide guidance for banks as they deal with the continuing challenges of "The New Normal".

Huawei will continue to expand its engagement with the world’s leading financial organizations and the insights provided by this report will provide a solid foundation for that work.

To download the white paper, please click the link: https://e.huawei.com/en/solutions/industries/smart-finance/banking-industry-rises-up-to-the-new-normal

HUAWEI CONNECT 2020 is an annual flagship event hosted by Huawei for the global ICT industry, and is being held in Shanghai from September 23 to 26, 2020. For more information, please visit:
https://www.huawei.com/en/events/huaweiconnect2020/

Related Links :

http://www.huawei.com/cn

http://www.huawei.com

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FIRSTENERGY 48 HOUR DEADLINE ALERT: ClaimsFiler Reminds Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against FirstEnergy Corp. – FE

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ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until September 28, 2020 to file lead plaintiff applications in a securities class action lawsuit against FirstEnergy Corp. (NYSE: FE), if they purchased the Companys shares between February 21, 2017 and July 21, 2020, inclusive (the Class Period). This action is pending in the United States District Court for the Southern District of Ohio.

Get Help

FirstEnergy investors should visit us at https://www.claimsfiler.com/cases/view-firstenergy-corp-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

FirstEnergy and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 21, 2020, federal law enforcement officials announced the arrest of Ohio House Speaker Larry Householder and others in connection with a $60 million racketeering and bribery scheme designed to ensure the passage of legislation that included a billion-dollar bailout of two failing nuclear power plants owned by the Companys former subsidiary and operated by the Company. Further, the Company disclosed the same day that it had received subpoenas in connection with the investigation, which is ongoing.

On this news, the price of FirstEnergys shares plummeted.

The case is Owens v. FirstEnergy Corp., No. 20-cv-3785.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

ClaimsFiler

Lewis Kahn, 844-367-9658

https://www.claimsfiler.com

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Vancouver Eyewear Company KITS Partners With Professional Tennis Player and Kits Beach Athlete, Vasek Pospisil

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KITS, Canadas fastest growing eyecare brand, announced today its partnership with Kitsilano-based tennis star Vasek Pospisil. The partnership marks the companys dedication to supporting Canadian athletes.

Inspired by the athletes history, where growing up he trained on the courts at Kits Beach Tennis Club, and the important connection between tennis and eye health, this partnership is the beginning of the companys commitment to supporting Canadian athletes. As part of the partnership, KITS is supporting Vaseks journey as he builds on his 4th round finish at the US Open and competes in the upcoming French Open and beyond.

To play at the top of your game, you need hard work, a strong purpose, and a great team, said Vasek Pospisil of the partnership with KITS. Im excited to partner with the KITS team, who are fueled by the purpose of building a better eyecare experience for customers in Canada and beyond. When I need to see the ball better, I go to KITS. We also both share a love of Kitsilano, and love the energy, style and community that comes together there.

Vasek Pospisils career success saw him win the Wimbledon Doubles Championship in 2014, and more recently progress to the 4th round at the US Open in early September 2020. He is now preparing to compete in the French Open from September to October 2020. Pospisil hails from Vancouvers iconic Kitsilano neighborhood, marking a special connection to the eyewear brand inspired by the same name.

KITS is currently the only online vision company to support a Canadian athlete. Following Pospisils success in the US Open and performance in the French Open, the KITS partnership is a true celebration of the homegrown talent and the sport of tennis.

Were so proud to partner with such a talented athlete from our very own Kitsilano neighbourhood, said Roger Hardy, co-founder and CEO of KITS. Tennis is a sport that is all about the eyes and the importance healthy eyes play into overall health and wellbeing. This partnership is a great representation of the beauty of Kitsilano, where the snowcapped mountains meet the ocean.

Pospisil can be spotted in a KITS-branded jersey for the remainder of the season, including in the French Open as a display of his hometown pride. For more information, visit KITS.com.

About KITS

KITS is the future of eyecare. KITS is revolutionizing the eyecare category by offering virtual try-ons and a variety of styles that complement any look. KITS is headquartered in Vancouver, BC with its manufacturing facility located in Richmond, BC. This local approach enables the company to manufacture and ship glasses quickly, often delivering within 1-2 days, at an affordable price while growing the local economy through rapid job creation. For more information on KITS, visit www.kits.com, and follow along on Instagram and Facebook using the hashtag #ItsKITS.

Kelsi Tsatouhas

Public Relations Manager

+1 (604) 786-2273

[email protected]

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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