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Kaine Tours GridPoint in Clarendon

By WTOP Staff

Democratic U.S. Senate candidate and former Virginia governor Tim Kaine spoke about his economic development record during a Thursday afternoon campaign stop at Clarendon-based clean energy company GridPoint, Inc.

The company sells efficiency-monitoring software to electrical utilities, government agencies and private corporations. According to CEO John Spirtos, it employs about 100 people between its corporate headquarters (2801 Clarendon Boulevard) and its manufacturing facility in Roanoke.

In a statement, Kaine touted GridPoint as an industry leader in energy efficiency solutions.

“GridPoint’s innovative energy management systems are saving companies up to a fifth of their total energy costs per month,” Kaine said. “These are dollars that can be invested back into the business to expand and hire new workers. Their advancements in energy efficiency and conservation technology are absolutely essential to ensuring our businesses can compete in an increasingly competitive global economy.”

Kaine also touted his own record of helping to bring GridPoint to Arlington. In 2007, Kaine approved a $500,000-incentive package from the Governor’s Opportunity Fund to entice GridPoint to move its headquarters to Arlington from Washington, D.C.

“My economic development team played a big part in bringing GridPoint’s headquarters here. We considered it a big victory because of the kind of business that it has and the kind of talent that it has,” Kaine told a roomful of GridPoint employees on Thursday. “Where we really have thrived is we just try to bring the best talent here. If you win the talent race, you win the economic race.”

Kaine toured part of the company’s 30,000-square-foot space at the corner of Clarendon Boulevard and N. Edgewood Street with Sen. Ron Wyden (D-Ore.) and Spirtos to highlight his “Strengthening Our Economy Through Energy Innovation” plan.

“Oregon and Virginia are really kind of innovation economies and we know that today we aren’t just competing against people sort of 20 miles down the road, or in my case, California or Seattle. But we are competing against the Chinese. We are competing against the Indians,” Wyden said. “The governor is proven in terms of some of the energy investments he’s been able to invest in and make.”

Professional and technical services accounted for a fifth of Arlington County’s jobs, according to the county’s annual profile. Spirtos said that local base of highly-trained workers is one reason why GridPoint fits among Clarendon’s high-end retail shops and restaurants.

“D.C. is a great place to be but it’s a tough place to get [computer] developers to go to work. We needed access to the talent. There’s a lot of folks who won’t cross the river to go into D.C. There’s a lot of folks who won’t cross the river to go into Maryland,” Spirtos said. “And in this location, we have the Apple Store and the Whole Foods and the whole thing and that’s great. This is a great neighborhood. It’s an ideal neighborhood.”

It was revealed this week that Gridpoint has received another $23 million in venture capital funding, bringing its total funding to $263 million, according to GigaOm. In addition to its Virginia locations, Gridpoint has offices in Austin, Texas; Ottawa, Ontario; and Seattle, Washington.

 


Don’t Settle for Student Loans to Pay for Online Education

By WTOP Staff
Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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