Jan 8, 2009

Electronic Transcript Exchange Grows 300% in Less Than a Year

High Schools in the ConnectEDU National Network™ Save Thousands in Cost & Efficiency

(Boston, MA) January 8, 2009 – ConnectEDU, Inc., (www.connectedu.net), the Web-based leader in using data to connect students with colleges and employers through the nation’s largest college and career planning network, is reporting an increase of 300% in electronic transcript requests. With only half the admission cycle completed, the rapid proliferation of electronic transcript exchange coincides with the education budget crisis affecting schools across the nation. As a cost-cutting solution now expanded into 46 states, ConnectEDU’s technology is helping schools save up to $10,000 in one admission cycle by adopting electronic transcript exchange.

“During these tumultuous economic times for both state budgets and individual high school budgets, we expect to see even more growth in electronic document exchange as high schools continue to realize the time and more importantly costs-savings involved with using technology to cut out the unnecessary waste in their administrative processes,” said Craig Powell, ConnectEDU President and Chief Executive Officer. “In Michigan alone, we saw our active high schools double and triple their transcript volume in just one year. With budgets shrinking, school districts are being forced to rethink their operations. The ‘business as usual’ mantra will no longer carry weight in the K-12 space. Maximizing efficiency and doing more with less will be the key this year and for the foreseeable future.”

The 2008 growth of the ConnectEDU National Network includes an additional 1,300 high schools and 200 colleges positioned to cut costs by using electronic transcripts. The network currently represents 10% of the high school market, at 2,000 schools, and 15% of the college bound student population. With nearly 200,000 college-bound students utilizing ConnectEDU’s web-based tools in just the last twelve months, and an additional half-million students being added to the network beginning this quarter, the electronic transcript totals are expected to increase substantially in 2009.

ConnectEDU’s web-based tools allow counselors, students and parents to more effectively and efficiently collaborate on the college planning process, track student progress, learn more about financial aid, and cost-effectively send electronic admissions documents.

For more information on ConnectEDU’s web-based tools, visit www.connectedu.net or call 617-532-3000.

About ConnectEDU, Inc.
ConnectEDU is the nation’s leading technology firm dedicated to providing students, educators and employers with comprehensive solutions to successfully navigate education and employment transitions. ConnectEDU's mission is to democratize access to higher education and career opportunities for all students by empowering them and their advisors with the information, resources and collective bargaining power required to realize successful life transitions.


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