Sylvan Learning Announces $2.5 Million Royalty and Fee Deferral Program for Franchise Owners Impacted by Coronavirus (COVID-19)
The supplemental and enrichment education franchise is providing online learning resources for families and relief options for franchise owners amid the pandemic
BALTIMORE (PRWEB) April 01, 2020 - Sylvan Learning, a leading provider of personal learning for students in grades K-12, announced today a $2.5 million royalty and fee deferral program in conjunction with its majority owners, certain institutional client accounts managed by Guggenheim Investments. Amid the Coronavirus (COVID-19) pandemic, Sylvan Learning franchisees nationwide have pivoted their business delivery to be exclusively online. The royalty and fee deferral program will ensure that franchise owners have the support they need to continue providing solutions to families in need of educational support.
“It’s been a difficult time for families, in particular those with school-age children, and small business entrepreneurs. The families who rely on Sylvan for their children’s supplemental education have had their educational lives turned upside down with the closure of many schools,” said John McAuliffe, CEO of Sylvan Learning. “These families are looking for solutions that allow them to continue to learn at home and to also continue to receive the supplemental education they were receiving from Sylvan. Our franchise owners have risen to the occasion by quickly pivoting to online delivery and providing support to families and their fellow franchisees during this uncertain time.”
Because of its ongoing investment in technology solutions, breadth of content and delivery options (in-center, in-home and online), Sylvan is uniquely positioned to respond to parents’ needs in these challenging times. In June 2018, the brand launched Sylvan Nation, a free online education portal with educational support tips, worksheets, a teacher resource section and educational videos. Students can also access workbooks online through Random House. When many centers had to close, the vast majority of Sylvan franchisees pivoted to live, teacher-led online instruction through its proprietary technology platform SylvanSync, and the brand was able to repurpose its remaining paper-based content to be delivered online. Centers are also able to offer teacher led, online small group instruction based on grade and subject (e.g. 3rd Grade Reading) to support even more parents during this time.
The pandemic also fast-tracked Sylvan’s proprietary marketplace that allows parents to easily schedule both in-home and online tutoring, a program that was in the pilot phase in the Baltimore and Washington, D.C. area that will now be expanded to other parts of North America.
“The Sylvan Learning system is stronger, more nimble and more united than ever. We have ramped up our already strong training in online education, local marketing and technology for our franchise owners and expanded our reach for families and students,” said McAuliffe. “We are confident we will exit this situation as a company that has transformed itself to better serve every family’s educational needs in the most convenient way, whether they prefer in-center, in-home or online delivery.”
To learn more about Sylvan’s online education resources, visit https://www.sylvanlearning.com/
About Sylvan Learning, LLC
With more than 40 years of experience and more than 750 points of presence throughout North America, Sylvan Learning is the leading provider of personal learning for students in grades K-12. Sylvan is transforming how students learn, inspiring them to succeed in school and in life. Sylvan’s proven tutoring approach blends amazing teachers with SylvanSync™ technology on the iPad® for an engaging learning experience. Sylvan also leads the way with Sylvan EDGE - STEM and accelerated courses and Sylvan Prep - college and test prep courses. Sylvan supports families through every stage of the academic journey. For more information, visit https://www.SylvanLearning.com or SylvanLearning.com/blog.
SOURCE Sylvan Learning, LLC
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