Fintech PR
Survey Finds 6 out of 10 Families’ Budgets Affected by the COVID-19 Pandemic, Including Plans to Fund College
The COVID-19 pandemic has created an unpredictable financial environment for many families. For 6 out of 10, that means changes to their household budget, according to the latest College Ave Student Loans survey of 1,141 parents of college students conducted by Barnes & Noble College InsightsSM. Despite the unexpected impacts, the majority (72%) of parents who plan to help pay for their child’s education are still confident about their overall payment plan.
College Ave surveyed parents in January and again this June with personal finance site HerMoney.com to get a snapshot of how the pandemic has affected college financing plans. The survey found that while the approach to paying for college has changed since the beginning of the year, families still deeply value a higher education degree.
Impact of the pandemic on family finances
More than half of families (56%) said the pandemic has negatively affected their finances. Of those, 58% have had to dip into their savings more than expected, 43% delayed big spending purchases and 29% have relied more on credit cards. Many families have faced job uncertainty – 25% report a parent in the house has been furloughed, lost a job (14%) or has had to close a business temporarily or permanently (12%). Of those who will need to borrow more than previously planned as a result of the pandemic, nearly 3 in 4 (74%) said they will need to borrow at least $5,000 or more this year.
Changes in how families plan to cover college costs
The latest survey found the overwhelming majority of parents (92%) agree with the statement that a college degree is important for their child. Perhaps that’s why in June, and during difficult financial times, more parents say they are willing to help their child pay for college (95% vs. 83% in January) and invest in their child’s degree.
In the five-month timeframe between the surveys, the June survey also found the approach to paying for college changed. The recent survey found less families are relying on parental income, savings, and 529 accounts, and instead, are leaning more on grants and scholarships, student loans and the child pitching in by working.
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Changes in How Families Plan to Pay for College: January 2020 vs. June 2020
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January 2020 |
June 2020 |
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70% regular income and savings |
60% regular income and savings (-10% change) |
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59% grants and scholarships |
64% grants and scholarships (+5% change) |
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45% 529 account |
38% 529 account (-7% change) |
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42% student loans |
53% student loans (+11% change) |
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28% child will work |
43% child will work (+15% change) |
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18% parent loan |
21% parent loan (+3% change) |
Less common financial strategies used by families include money from a retirement account, personal loans, and credit cards. Overall, the survey highlights that there is no “one-size-fits-all” approach to financing a college education.
“During these unprecedented times, families who have children headed to college will need to come together and have open and honest conversations about the road ahead. Parents must keep in mind that while there are loans for college, there are no loans available for retirement. Anything they’re able to offer their child toward the cost of college will be welcome,” said Jean Chatzky, CEO of HerMoney. “Also, students must understand that working through college may be their best path forward, and they should leave no stone unturned when it comes to searching for and applying for scholarships and grants. For parents who might be feeling guilty about not contributing more to their child’s education, don’t. Understand that it’s okay for your child to work and take out an appropriate amount of loans, and you can help them guide them through these important first steps into adulthood.”
Tips for how to cover college costs during uncertain times include:
- If you haven’t experienced a change in income, look to see where you might be able to make cuts to your budget on a monthly basis, and put that money towards your college fund, or college expenses.
- If circumstances have dictated that you won’t be able to continue to save for college or contribute to college costs, start looking into student jobs that might appeal to your child, student loans, as well as grants and scholarships. Doing all this as early as possible will help erase some question marks, and make everyone feel more confident about the future.
- In the years to come, more jobs than ever will be able to be done remotely, and to make ends meet, both students and parents may want to consider a remote side-gig, doing things like customer service, graphic design, social media work, and more. Even an additional $100 a month can be a welcome addition to any budget, and can mean a reduction in the amount of student loans taken out.
- While some sticker prices for college and college activities are set in stone, some things can be negotiated, and in many cases, cheaper prices are available. For example, students who receive a scholarship offer for one year of tuition can request that their offer is extended, and in many cases, online textbooks are cheaper than their hardbound counterparts. There are myriad ways to keep it frugal — you just have to keep an eye out, and never be afraid to ask.
“The pandemic has created financial uncertainty for many families,” said Joe DePaulo, Co-Founder and CEO of College Ave Student Loans. “However, the survey also points to the resilience of families and their determination. Even during difficult times, families believe in – and prioritize – finding a path to a college degree as they know a higher education can provide a better future for their children.”
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
The following files are available for download:
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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
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EQT AB Group |
View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q1-announcement-2024-302109147.html
- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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View original content:https://www.prnewswire.co.uk/news-releases/biovaxys-technology-corp-provides-bi-weekly-mcto-status-update-302108920.html
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