Top 10 Reasons to Attend the Spring 2015 StudyUSA Higher Education Fairs in Vietnam

Posted 01/03/2015 by maavn
Categories: Announcement

Tags: , , , ,

10reasons_EN

1.  Quality:  Only regionally accredited institutions are permitted to join the StudyUSA Higher Education Fairs, the gold standard of accreditation in the US.

2.  Choice:  More than 40 colleges and universities from 18 states are participating in the StudyUSA Higher Education Fairs, making it one of the larger US higher education fair series in Vietnam.

3.  Variety:  Of the 42 colleges and universities joining the StudyUSA Higher Education Fairs, 30 are four-year schools and 12 are community colleges (CCs) offering undergraduate, graduate, ESL and high school completion programs (selected WA CCs only).

4.  Reputation:  The StudyUSA Higher Education Fairs are organized by Capstone Vietnam, one the nation’s leading educational consulting companies.

5.  Integrity:  The StudyUSA Higher Education Fairs organizer, Capstone Vietnam, always looks for the best fit for US-bound students and their parents.

6.  US Student Visa Briefing:  Both the HCMC and Hanoi StudyUSA Higher Education Fairs feature a US consular officer who will lead an information session and answer questions about the all-important student visa process.

7.  Location:  The StudyUSA Higher Education Fairs take place in five locations representing all three regions of Vietnam.

8.  Convenience: StudyUSA Higher Education Fair attendees have the choice of pre-registration or on-site registration. Pre-registered attendees are admitted to the fair faster; all use the Capstone bar code/QR code scanning system.

9.  Free Advising Services: All students who attend the StudyUSA Higher Education Fairs receive a voucher for free admission application advising services.

10.  Fair Guide & Cool Gifts: Everyone who attends the StudyUSA Higher Education Fairs receive an 84-page fair guide chock-full of valuable information about StudyUSA and profiles of all participating institutions, and are eligible to win cool gifts like Zenfone smartphones, Starbucks/KFC vouchers, movie tickets, full-length ACT practice tests, etc.

Time: 15:00 – 19:00

HCMC: Wednesday, 04/03/2015, Rex Hotel, 141 Nguyen Hue St., District 1

Nha Trang: Thursday, 05/03/2015, Novotel Hotel, 50 Tran Phu St.

Danang: Saturday, 07/03/2015, Novotel Hotel, 36 Bach Dang St.

Hanoi: Monday, 09/03/2015, Daewoo Hotel, 360 Kim Ma St.

Quang Ninh: Wednesday, 10 & 11/03/2015, at top regional high schools

 REGISTER HERE!

Click here for the Vietnamese versionTop 10 lý do để bạn tham dự Triển lãm du học StudyUSA các trường Đại học & Cao đẳng Hoa Kỳ mùa Xuân 2015!

Note:  Capstone Vietnam is my day job.  :-)

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StudyUSA Higher Education Fair Guide Covers

Reflections on Five (5) Years of Capstone Vietnam, Educational Consulting in Vietnam & Overseas Study Trends: Part II

Posted 19/02/2015 by maavn
Categories: Articles, Commentary

Tags: , , , , , , , , , , , ,

This is the English version of part II of a two-part interview series with me that recently appeared in the Vietnamese media.  Follow this link to read part I.

Tiến sỹ Mark_ A_ Ashwill(1)

Do you have any advice to guide parents and students – their children – who want to study abroad?

Knowing that most parents and students seek the assistance of an education agent rather than applying directly to a foreign institution, my advice in this crucial area is to choose carefully when looking for a suitable educational consulting company to work with. Many companies have no qualms about cheating their clients in their pursuit of short-term profit. Be sure to ask a lot of questions and use your personal network to find out as much as you can about a prospective company. Most importantly, the company should be working on your behalf and on behalf of your son or daughter not the institutions that pay commissions. The company you choose should provide accurate information and find the best possible matches for your child.

There is an encouraging trend of rising consumer expectations in Vietnam.  More and more parents and students are becoming educated consumers.  This means that there is both official (i.e., government) and grassroots (i.e., consumer) pressure for companies to become better than they are.  Competition and effective official oversight will take care of the rest.

My other piece of advice is to combine educational advising with career counseling. To parents – What is your child good at, where do his talents lie, what is her realized or untapped potential? To young people – What do you enjoy (interests), what are you good at (abilities), what do you value/find rewarding, what are your goals? Then you need to think about where you plan to enter the world of work and what kinds of employment opportunities might be available for someone with your qualities, qualifications and background.

As you embark upon this exciting process, there are two relevant quotes to keep in mind, one from an American author, poet, philosopher, and naturalist from the 19th century and the other from an American entrepreneur, marketer, and inventor, co-founder, chairman, and CEO of Apple, Inc., who lived in the late 20th century. Both believed in the power of dreams and the vital importance of self-actualization.

Our truest life is when we are in dreams awake. Henry David Thoreau

The only way to do great work is to love what you do. Steve Jobs

Steve Jobs also had these words of encouragement – in his June 2005 Commencement address at Stanford University – to young people, or anyone for that matter, who decides to take the “road not taken,” in the words of the American poet, Robert Frost.

You have to trust in something–your gut, destiny, life, karma, whatever–because believing that the dots will connect down the road will give you the confidence to follow your heart, even when it leads you off the well-worn path, and that will make all the difference.

I have one concern and some final advice. 37.5% of all Vietnamese students in the U.S. are studying Business/Management, by far the highest percentage of any place of origin. (Indonesia is a distant 2nd at 29.5%.) Why so many? My guess is that students and/or their parents believe that you have to study business in order to do business. In fact, most employers recognize and value the creative, communicative and problem-solving abilities associated with liberal arts majors as the most valuable qualities of new staff.

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In a 2013 essay entitled Business and the Liberal Arts Edgar M. Bronfman, who was chief executive officer of the Seagram Company Ltd., advised young people to get a liberal arts degree, emphasizing the value of curiosity and openness to new ways of thinking, and describing it as “the most important factor in forming individuals into interesting and interested people who can determine their own paths through the future.”

For all of the decisions young business leaders will be asked to make based on facts and figures, needs and wants, numbers and speculation, all of those choices will require one common skill: how to evaluate raw information, be it from people or a spreadsheet, and make reasoned and critical decisions. The ability to think clearly and critically — to understand what people mean rather than what they say — cannot be monetized, and in life should not be undervalued. In all the people who have worked for me over the years the ones who stood out the most were the people who were able to see beyond the facts and figures before them and understand what they mean in a larger context.

A famous and exceptional example of someone in living and working in Vietnam who pursued this path is Henry (Hoang) Nguyen, who currently serves as the Managing General Partner of IDG Ventures Vietnam. Henry graduated magna cum laude from Harvard University, which he attended as a Harvard National Scholar, in 1995 with a BA in Classics. He then earned his MD and MBA from Northwestern University Medical School and the Kellogg School of Management in Chicago. His academic journey took him from studying the language, literature, history, archaeology, and other dimensions of the cultures of ancient Greece and Rome to medicine to business, a true Renaissance man.

While I am not famous, I am also an example of someone with a liberal arts background at the undergraduate and graduate (MA/Ph.D.) levels, including political science, German history, intercultural communication, comparative literature, philosophy, economics, education, etc., who has been an educational entrepreneur for most of my career.

I know of many young Vietnamese who majored in the liberal arts (single or double-major, with or without business courses) and who have returned to Vietnam to pursue successful careers in the private sector either as owners or employees. Through their work they have made Vietnam a better place. Their broad education is one of their greatest strengths.

What are Capstone Vietnam’s plans for 2015 and beyond? What are your wishes for young Vietnamese as they relate to education and career opportunities now and in the future?

Our plans are to continue building capacity to meet the demand for existing and new services. While we’re aware of and have experienced the human resource challenges that are a stark reality for every employer in Vietnam, we are pleased with our team in both offices. Our excellent staff are dedicated, hardworking and knowledgeable. We have a solid foundation upon which to build.

These are our core beliefs and goals that will sustain us in the years to come in a very competitive environment. This is who we are and this is what we want for young people and all of Vietnam.

  • Innovation over imitation, substance over image, veracity over veneer.
  • Trust, respect, integrity, quality and service; these are actions not just words, words to live by.
  • Success measured not by short-term profit but by long-term customer satisfaction and loyalty.
  • Success measured by making an impact. By giving back. By leaving a legacy. By taking Vietnam to the next level.
  • Do well and do good.
  • Stay focused and keep your eyes on the prize!

Vietnam’s greatest resource is its people – hardworking, motivated, always on the move and in search of ways to enrich their lives and enhance their marketability through education and training. Every individual has enormous reserves of untapped potential and undiscovered talents. Our goal at Capstone Vietnam is to help our clients “reach new heights,” tap that potential, reveal those hidden talents and make a meaningful and lasting difference in the lives of individuals, organizations and society.

My heartfelt wish for young Vietnamese is that they study what they like and what they’re good at, all the while keeping a realistic eye on an ever-changing job market, that they live “in their dreams awake”, do the work that they love and make it great. And, finally, that they keep in mind and take to heart this quote from Randy Pausch (1960-2008), an American professor of computer science, human-computer interaction and design at Carnegie Mellon University in Pittsburgh, Pennsylvania: “The key question to keep asking is, ‘Are you spending your time on the right things?’ Because time is all you have.”

Tiến sỹ Mark_ A_ Ashwill_1Dr. Mark A. Ashwill is the Managing Director of Capstone Vietnam. From 2005 to 2009, he served as country director of the Institute of International Education in Vietnam. Prior to moving to Vietnam, Dr. Ashwill was director of the World Languages Institute, adjunct lecturer and Fulbright program adviser at the State University of New York at Buffalo (SUNY/Buffalo). In the mid-1990s, he was a primary researcher for the Third International Mathematics and Science Study (TIMSS) Case Study Project in Germany, Japan and the U.S., a Research Associate at the University of Michigan’s Center for Human Growth and Development (CHGD) and a visiting scholar at the University of Frankfurt and Northwestern University. In 2003, Dr. Ashwill became the first U.S. American to be awarded a Fulbright Senior Specialist Grant to Vietnam.

A 2011 Hobsons consultant’s report noted that Dr. Ashwill’s work and that of former U.S. Ambassador, Michael Michalak, “helped to promote the United States as a destination for Vietnamese students, and strengthened the ties between the Vietnamese Ministry of Education and Training (MOET) and U.S. universities.” In June 2012, Jeff Browne wrote in his blog Vietnomics that “Much of the credit for the strengthening U.S.-Vietnam higher education link goes to Hanoi-based educator, Mark Ashwill, director of Capstone Vietnam and key adviser to student-run nonprofit VietAbroader, both of which help Vietnamese students navigate the American education culture.”

Happy Lunar New Year! Chúc Mừng Năm Mới 2015!

Posted 18/02/2015 by maavn
Categories: Announcement

Tags: , ,

Dear Friends, Colleagues & Other IEiV Readers,

Wishing all of you a Lunar New Year filled with Peace, Happiness, Good Health, Success & Prosperity!  Happy Year of the Goat! 

E-card-tet (final)

Reflections on Five (5) Years of Capstone Vietnam, Educational Consulting in Vietnam & Overseas Study Trends: Part I

Posted 17/02/2015 by maavn
Categories: Articles, Commentary

Tags: , , , , , , , , , ,

This is the English version of part I of a two-part interview with me that recently appeared in the Vietnamese media.  Follow this link to read part II.

In the five years since Capstone Vietnam was established, it has earned a reputation in Vietnam, the U.S. and elsewhere for quality and innovation, and is emerging as a leader in the field of educational consulting and human resource development. The company offers a variety of education and training solutions for individual and institutional clients.

In this interview Dr. Mark Ashwill, Managing Director, looks back at the work of Capstone Vietnam, the evolution of the industry as a whole and overseas study trends. In addition, he offers some advice for parents and students.

Tiến sỹ Mark_ A_ Ashwill(1)

Can you reflect on your efforts to develop your business and reputation over the past five years in the field of educational consulting?

We initially focused on providing an array of services to U.S. and other foreign institutions interested in recruiting Vietnamese students and engaging in other in country activities. The latter include higher education and high school fairs, information sessions, high school outreach, study tours, academic matchmaking, exploratory trips for senior higher education colleagues, marketing and promotion, etc. Next, we began to phase in overseas study advising at all levels.

While our initial and primary focus was on study in the USA because of interest, demand and my background, we have expanded to include other countries of interest such as Australia, Canada and the UK.

One of our most ambitious institutional services, which benefits both students and institutional partners, are our International Academic Centers (IACs). An IAC is a shared facility that serves as a home base from which institutions can promote their programs and services in Vietnam, and even regionally. This includes hiring a local staff member who serves as a country or regional coordinator. Current IAC partners include Kansas State University and Southern Illinois University Carbondale in Hanoi and Lane Community College and Shorelight Education – on behalf of Florida International University, the University of Central Florida and the University of Kansas – in HCMC.

Capstone started in Hanoi, where I live and where our main office is located, and opened a branch office in 2012 in HCMC. There may be additional offices in the futures, which will give us the opportunity to expand our reach and serve clients in dynamic new locations.

It has been five years of hard work, sacrifice, ups and downs, rewards and, ultimately, a deep sense of satisfaction and fulfillment at what we have been able to achieve – together. Five years of doing our best to live our corporate values, Integrity, Learning, Global Awareness, Innovation and Results.

Our mission is simple yet supremely challenging: to leverage opportunities for individuals and institutions to succeed through a variety of high-quality education and training solutions. Capstone is defined as a “high point” or “crowning achievement,” the best an individual or organization can achieve, and the inspiration for our slogan Reaching New Heights. We are dedicated to enabling our clients to do just that, be it through institutional services, overseas study advising or other education and training activities. Our slogan guides us, inspires us and propels us forward, as do our values.

HCMC vols - fall 2014 HE fair

What is the value that Capstone Vietnam has brought to the Vietnamese people, particularly the students?

I believe that Capstone Vietnam has created something new, something fresh, something that meets a need and fills a void in the marketplace. This newness includes our services, our approach and our way of doing business. For example, we are – to my knowledge – the only company in Vietnam that works exclusively with regionally accredited colleges and universities in the U.S., which represent the gold standard of accreditation.

Our approach to advising is unique in that we don’t drive students to partner schools. Students and their parents are our clients and we don’t want to limit their options or their opportunities. I call Capstone Vietnam the EducationUSA of the private sector because we want what’s best for every student. A student who ends up attending a partner school receives a refund of the fee. If s/he attends a non-partner school, we keep the fee. This, we believe, is the most ethical approach to educational advising.

We offer visa counseling to students who want or need it. We demystify the process, explain about the law that consular officers are charged with enforcing and give students an idea of the types of questions they can expect to hear during the interview.

We don’t script them nor do we supply or encourage the use of fraudulent documents. We ask that they tell the truth to us and the consular officer who will be adjudicating their case. As a result, the issuance rate for Capstone students is extremely high. Last summer, it was nearly 90% for U.S. student visas.

Finally, we adhere to the highest ethical standards in the way we do business and work with our clients, both individuals, i.e., students and parents, and institutional. It is a tough and competitive business but we don’t cut corners and are transparent. We firmly believe that doing business ethically makes for better business, in addition to being the right thing to do.

One of the reasons I know that Capstone Vietnam has broken new ground and is a trailblazer in a number of respects is that other companies are copying what we’re doing. In an article last year entitled Why copycats are the best thing to happen to your company, Brian Wong, CEO and co-founder of Kiip, a mobile rewards network based in San Francisco, asked – on a positive note – “what is a copycat business other than evidence that you’ve created a solution that taps into and services a real need?”

Capstone Vietnam _1

What do you think of the current overseas study trends among Vietnamese students?

Interest in overseas study remains high. This is the result of the convergence of several factors, including the desire and search for the kind of quality and innovative education, access to information (e.g., from the Internet), and the ability to pay. Last year, there were 125,000 young Vietnamese studying overseas, a 15% increase over 2012, according to the Ministry of Education and Training (MoET). The top five countries were Australia, the U.S., Japan, China and Singapore – in that order. (Two-thirds of all Vietnamese studying overseas last year were in enrolled in educational institutions in these countries.) 90% were self-financing, which means that parents invested over $1.5 billion in the overseas education of their sons and daughters.

As of October 2014, there were 23,407 Vietnamese students in the U.S. at all levels. That represents an astounding 21% increase since July 2014, second only to China (22%). This means that Vietnam is one of the fastest growing markets in the world for US-bound international students. Vietnam ranks 8th among all sending countries, 5th in undergraduate enrollment (almost evenly split between community colleges and four-year schools) and 3rd in international enrollment at community colleges.

In high school enrollment in the U.S. Vietnam ranks 6th – in the same tier as Brazil (#5) and Mexico (#4) – with 2,289 students . This means that last year 12.4% of all Vietnamese students were attending an American high school or boarding school and 87.5% were enrolled in an institution of higher education.

While there are concerns about a brain drain, Dr. Nguyen Thien Nhan, Chair of the Vietnam Fatherland Front and former Minister of Education and Training and Deputy Prime Minister, recently stated during a visit to Hanoi-Amsterdam High School for the Gifted that Vietnamese students are not required return to Vietnam after finishing their studies overseas, as they can serve the fatherland anywhere in the world. Some continue for further study, others find a good job and work for a few years before returning home, while others make the decision to live overseas. I agree with Dr. Nhan that they all benefit Vietnam in some way.

In short, the number of Vietnamese studying overseas at the secondary and postsecondary levels will continue to increase into the foreseeable future, in my opinion.

 

 

Thiết lập thông tin chính xác, nghiêm túc

Posted 17/02/2015 by maavn
Categories: Articles, Commentary

Tags: , , , , , , , ,

SBTN

Đây là bài cuối cùng tôi viết trong năm 2014, một năm thành công trên nhiều mặt. Dưới đây, tôi xin kể một tình huống đã trải qua khi dùng internet để dẫn chứng thêm nhận định về Internet , công cụ vừa mang lại những tiện ích, vừa là mối hiểm họa khó lường. Và bài học rút ra ở đây là gì? Hãy đọc, tiếp thu mọi thứ bằng đầu óc phân tích khôn ngoan, kiểm tra rõ ràng các nguồn và luôn đặt câu hỏi về nội dung. Hãy dừng lại và suy nghĩ trước khi đâm đầu theo hiệu ứng đám đông.

Vào cuối tháng 10, Đài truyền hình truyền thông Sài Gòn (SBTN) ở Garden Grove, CA, USA phát hành một bài viết (Không tìm thấy trang/Page Not Found), trích dẫn bài viết của tôi, kèm theo một danh sách các tổ chức giáo dục bậc cao không được kiểm định tại Mỹ đã được đăng tải ở đây từ năm 2010. Trước khi bài báo này được gỡ xuống (tôi có thể đoán được lý do, nhưng nếu chưa rõ ràng, tôi thiết nghĩ không nên phỏng đoán ở những diễn đàn chung), nó đã có mặt trên rất nhiều các blogs khác nhau và tôi cũng nhận thấy lượng truy cập vào trang blog cá nhân An International Educator in Vietnam tăng lên. Ngoài ra, tôi còn nhận được email cảm ơn về bài viết. Thực ra, danh sách kia được lấy từ 1 bài viết từ năm 2010 của tôi và được tôi cập nhật lại vào năm 2012. Nói cách khác, đó là thông tin đã lỗi thời, được xào lại để sử dụng vào mục đích chính trị . Vậy tại sao lại có việc bài báo này dựa trên những nguồn tin đã lỗi thời nhằm phục vụ các mục đích chính trị khác nhau? Hãy đọc thêm để hiểu rõ hơn về điều này.

Động cơ của bài báo của SBTN là nhằm bắt giữ Hà Văn Thắm, cựu chủ tịch Ocean Bank. Vào năm 2012, ông Thắm đồng ý cho công ty bất động sản Trung Dung vay số tiền 500 tỉ đồng (23,5 triệu đô la) mà không cần thế chấp. Các phương tiện thông tin đại chúng cho rằng công ty Trung Dung có khả năng bị vỡ nợ. Đến cuối năm 2013, tổng giá trị tài sản của ông Thắm đạt đến con số 1500 tỉ đồng (khoảng 70.7 triệu đô la), nâng ông lên vị trí thứ 8 trong số những người giàu nhất trên thị trường chứng khoán, cũng như tỉ phú ngân hàng tính theo giá trị đồng nội tệ.

Trên tài khoản LinkedIn và Wikipedia, ông Thắm nói mình “có bằng cử nhân Đại học Thương mại và bằng thạc sỹ tại trường Đại học Columbia Commonwealth. Ông cũng là tiến sỹ chuyên ngành Quản trị Kinh doanh trường Đại học Công nghệ Paramount”. Cả 2 trường đại học này đều không được cấp chứng nhận kiểm định tại Hoa Kỳ và có tên trong danh sách tôi nói trên, tạo ra một câu chuyện ngoài lề nhanh chóng trở nên rầm rộ trên các diễn đàn, bao gồm cả diễn đàn này. Cũng như nhiều trường hợp khác, nó đơn giản chỉ là một bài viết được SBTN sao chép từ bài blog gốc của tôi, đăng lên và sau đó đã phải gỡ xuống.

diploma-mills-top

Xuất phát từ Quận Cam, Cali, không có gì quá ngạc nhiên nếu như các bài viết của SBTN luôn mang màu sắc chính trị. Ví dụ, họ đưa thông tin sai lệch rằng Bộ Giáo dục và Đào tạo (GD&ĐT – MoET) không lên tiếng gì về vấn đề này, và đổ lỗi cho Chính Phủ Việt Nam đã không có bất kỳ động thái gì. Trên thực tế, như tôi đề cập đến trong một bài viết vào tháng 8 năm 2010, bộ GD&ĐT đã không chấp nhận các chương trình liên kết bất hợp pháp và thông báo sẽ không công nhận bằng cấp của những chương trình liên kết được giảng dạy bởi các trường quốc tế không có chứng nhận kiểm định. Nhân đây, tôi cũng xin nói luôn về vấn đề này:

Dường như đây là một câu chuyện với hồi kết có hậu. Vào tuần thứ 2 của tháng 8, Giáo sư Nguyễn Xuân Vang, Giám đốc ban phát triển Giáo dục Quốc tế của bộ GD&ĐT đã trả lời trong một buổi phỏng vấn rằng những chương trình liên kết không hợp lệ sẽ bị coi là phạm pháp và bộ giáo dục sẽ không công nhận bằng cấp từ các chương trình liên kết giữa Việt Nam và các đối tác nước ngoài không được kiểm định. Theo dõi bản dịch tiếng Anh ở link này: Bộ giáo dục sẽ từ chối các chứng chỉ, bằng cấp được trao bởi những những chương trình liên kết kém chất lượng. Đây là những gì ngài Giáo sư yêu cầu, như liều thuốc giảm đau cho vấn đề xã hội nhức nhối này.

Tôi nhớ đến nhà cựu lãnh đạo cũ của Trung Quốc Deng Xiaoping, người từng nói “Hãy mở cửa sổ ra, hít thở không khí trong lành, đồng thời tiêu diệt hết ruồi muỗi và côn trùng”. Ở Việt Nam,khi mà những cánh cửa đang được mở ra, tôi cảm nhận cũng như nhìn thấy rất rõ những màn chắn được dựng lên bên cạnh những cánh cửa đó, để bảo vệ quyền lợi cho học viên.

Một điểm nữa mà bài báo của SBTN lẽ ra nên nhắc tới, nếu như những người biên tập bỏ đi nhận thức mù mờ , về việc những dịch vụ lừa đảo đang hoạt động(hoặc đã và đang hoạt động) tại Việt Nam đều có trụ sở ở Mỹ. Vậy tại sao chính phủ Mỹ không xây dựng nên một quy chế quốc gia để ngăn cấm các trường Đại học lừa gạt sinh viên, làm ô nhiễm thị trường lao động với những bằng cấp và chứng chỉ giả mạo, làm hoen ố danh tiếng của nền giáo dục bậc cao Hoa Kỳ? SBTN lờ đi thực tế rõ ràng này vì đó không dính vào mục tiêu chính trị của họ.

MAA

NOTE:  This is the Vietnamese version of this 31.12.14 post:  Journalism or Political Ax-Grinding?: Setting the Record Straight

FundsV: The Future of Financial Verification for Overseas Study

Posted 16/02/2015 by maavn
Categories: Updates

Tags: , , , ,

fvlogo2Documents that have been in the hands of students are generally not considered official.  World Education Services (WES), a US-based credentials evaluation service

Since US consular officers don’t have the time or resources to ensure that each and every bank statement presented by US-bound students is checked for authenticity, the best option seems to be an online funds verification system like FundsV (Funds Verification for International Students), created by Cheryl Darrup Boychuck, Chief Architect, FundsV.  Here’s a brief description of how it works, excerpted from the FundsV website:

Students build funding profile at FundsV:  Via the authorized host’s unique FundsV URL, students register at FundsV. The nominal registration fee of US$50 entitles them to access their FundsV profile for a 24-month subscription period. They may scan bank statements or other proof of income as instructed by their host authority, and upload them to their FundsV profile. The host may require specific documents, such as Certification of Finances, Affadavit of Support, or Official Scholarship Awards.

Next, students authorize bank correspondence:  The core component of FundsV allows students (or their sponsors) to grant permission for their bank(s) to transmit account balance data via FundsV’s robust aggregation network. First, confirm that your bank is part of the FundsV network. Upon selection of that bank, the account holder grants permission for us to acknowledge the current balance. Account balances are not automatically refreshed each day; only the user may grant permission to refresh the account balance.

All personal identification related to each bank account is automatically purged from the FundsV system, immediately after the secure aggregation network acknowledges the balance of the authorized account. FundsV retains the minimum amount of data required to verify funds: Bank account name, bank account holder, last four digits of the account number, type of account, and the account balance on the most recent day the user authorized access.

Finally, the host reviews students’ FundsV profiles.  After students submit their completed FundsV profile to their authorized host, the host may view those students’ data. The data is accessible only to the host who originally referred the student to FundsV.  The host retains full responsibility in deciding how to utilize the robust set of data provided by FundsV.

Finally, the host corresponds directly with students about the status of satisfying their requirements for funds verification. The host may require further proof of funding from the student (i.e., award letters, affidavits of support or other documents) via the student’s secure Upload function at FundsV.

As this slide, taken from a FundsV training to authenticate financial documents, indicates, online verification of account balances falls on the secure end of the spectrum of “document verification vulnerabilities.”  (The idea for a  Vulnerability Scale came from Educational Credential Evaluators, or ECE.)

Document Verification Vulnerabilities

Once implemented and widely used, it will address the challenge of proving ability to pay, thus strengthening students’ applications.  (This is second criterion of the US student visa process and the key to obtaining a visa to study in any country.)  It is the most reliable and secure way to verify ability to pay, including financial capability over an extended period of time.  For these reasons, FundsV is a triple win – for students, foreign governments adjudicating visa applications and host institutions that need students who are truly able to afford what they have to offer.

MAA

Chúc mừng ngày lễ Tình Nhân! Glücklicher Valentinstag! Happy Valentine’s Day!

Posted 14/02/2015 by maavn
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