Private College Enrollment Funnel for Higher-Profile Lower Need Students.

Slides:

Advertisements

Similar presentations

Enrollment Management Trends Flex Days Fall 2012.

Advertisements

Transfer Students: The Breakthrough Market Presented by: Jim Scannell Scannell & Kurz, Inc. CCCU International Forum 1 February 26, 2010.

NIU – An Historical Snapshot Daniel House Office of Institutional Research Brian Brim Division of Academic and Student Affairs Daniel House Office of Institutional.

Cost of Education – a Significant Factor Affecting Enrollment Prepared by: Elaine L. Rivera August 2009.

Trends in Higher Education Series Distribution of Full-Time Undergraduates at Four-Year Institutions by Published Tuition and Fee Charges,

Trends in College Pricing 2014For detailed data, visit: trends.collegeboard.org. Average Published Charges for Full-Time Undergraduates by Sector,

CIC Key Indicators for Hollins University Jamie Redwine Office of Institutional Research June 2005.

A Framework to Understand College Access and Affordability at the National, State and Institutional Levels TAIR Conference 2008, Galveston Trish Norman,

Scholarships and Aid Related to Undergraduate Education Ann J. Korschgen, Ph.D. Vice Provost for Enrollment Management Division of Enrollment Management.

FY 14 Budget Presentation September 2013 Board of Regents Meeting.

National Center for Higher Education Management Systems 3035 Center Green Drive, Suite 150 Boulder, Colorado The Public Agenda 5 Years Later Illinois.

Higher Education Budgeting in Indiana 102 Indiana Commission for Higher Education October 12, 2006.

Board of Trustees Meeting Committee of the Whole October 27, 2014 Keith Christensen Human Capital Research Corp. Fall 2014 Enrollment/NTR Summary.

D1407: Enrollment Management: A Game of Trade-Offs, Compromises, and Occasional Victories Paul Hamborg, Enrollment Research Associates, TX Bambi Burgard,

Bryn Mawr College Annual Financial Summary 2008.

Trends in Student Aid 2014For detailed data, visit: trends.collegeboard.org. Student Aid and Nonfederal Loans in 2013 Dollars (in Millions), to.

Financial Issues in Higher Education Dr. David F. Finney.

EASFAA Puerto Rico May 18-21, 2014 Waves of Change, Oceans of Opportunity Cost Containment and Price Sensitivity: the Perfect Storm.

Macalester College Summary: Proposed Operating Budget April 2009.

Presentation Outline  Introductions  Why are “price sensitivity” and “value” important?  Strategic pricing & value enhancement framework  From research.

Trends in Higher Education Pricing & Student Aid October 11, 2011 Al HermsenPaul Schroeder Sr. Director – Student Financial AidSr. Educational Manager.

Published College Prices: How fast are they rising?

Messiah College FY13 Financial Plan FY13 ParametersJanuary 4, 2012.

Trends in Higher Education Series Trends in College Pricing 2007.

Budget Workshop Fiscal Year 2011 December 4, 2009.

EXAMINING COLLEGE SPENDING AND ITS LINK TO PRICE A Practical Workshop.

Kenyon College 2008 Financial Aid Optimization Analysis Prepared October 2008.

© 2010 – Royall & Company How 100 Institutions Managed Their Way to Enrollment Success in 2010 Richard Whiteside Dean, Strategic.

Trends in Higher Education Series 2006, October 24, Full-Time and Part-Time Enrollment by Institution Type, and

LOCAL AID What’s in House 1: Reductions with Reform March 4, 2003.

Enrollment Fall 2012 Gene Fahey Jim Hundrieser October, 2012.

TRENDS IN HIGHER EDUCATION SERIES Trends in College Pricing and Trends in Student Aid 2009 OCTOBER 20, 2009.

The Future of Student Aid Sandy Baum Skidmore College and The College Board MASFAP March 2009.

MASFAA Annual Meeting November 7 th, State Appropriations for Higher Education per $1,000 in Personal Income, SOURCE: The College Board,

Calculating Postsecondary Costs 6 th Grade Postsecondary Costs #4.

TRENDS IN HIGHER EDUCATION SERIES Trends in College Pricing and Trends in Student Aid 2009 March 2,

Copy write Strategies For College, Inc College Planning & Funding Strategies Copyright Strategies For College, Inc

Planning and Budget Committee January 16, Agenda Current Financial Position Revenue and Expenditure Comparisons FY08 to FY14 Simplified Budget Process.

Trends in College Pricing 2015For detailed data, visit: trends.collegeboard.org. Average Published Charges (Enrollment-Weighted) for Full-Time Undergraduates.

Sticker Price = $20,000 Dealer offers to sell it for $18,000 The “discount” is $2,000, or 10% off the sticker price. The buyer pays a net of $18,000,

Presenters Steve Dwire, Assistant Vice President of Financial Aid; The College of St. Rose Hugh Ganser, Associate Director of Financial Aid; University.

Colby College Board of Trustees October 2014 Friday, October 24, 2014 Committee of the Whole.

The Art of Discounting Bluefield College Board of Trustees February 18, 2011.

 Independent Colleges and Universities of Texas, Inc. (ICUT)  Established in 1965  Public policy advocate of the 38 SACS accredited independent institutions.

Trends in College Spending Where does the money come from? Where does it go? 1.

TRENDS IN HIGHER EDUCATION SERIES Trends in College Pricing 2009.

NeASFAA Presentation J. Ritchie Morrow CCPE Financial Aid Coordinator Friday, April 21, 2006.

State Higher Education Finance Fiscal Overview.

Average Published Charges (Enrollment-Weighted) for Full-Time Undergraduates by Sector,

Private schools discount tuition significantly.

Trends in Higher Education Series

Trends in College Pricing 2017

Fiscal Year 2009 Budget Preparation Briefing June 25, 2008

Conquering College Costs

Trends for 2018 The Lawlor Group.

Trends in College Pricing 2018

WICHE Region 2017 Benchmarks: WICHE Region 2017 presents information on the West’s progress in improving access to, success in, and financing of higher.

Tuition Recommendations for the Academic Year

Trends in Higher Education Series

David Jewell and Kyle Moore

FY19 Budget Summit Strategic Enrollment Management Sharon O’Hare

Student Aid and Nonfederal Loans in 2013 Dollars (in Millions), to

Office of Sponsored Programs

How Enrollment and Retention Affect the University’s Budget

Tuition and Fee Advisory Committee

Overall, our headcount YTD is down ~3 Overall, our headcount YTD is down ~3.46%, therefore tuition revenue is lower than expected. But, we have.

The Public Agenda 5 Years Later

Fall 2013 Enrollment Headcount and FTE (10th day numbers)

Office of Sponsored Programs

Presentation transcript:

Private College Enrollment Funnel for Higher-Profile Lower Need Students

Median Sticker Tuition – 2009 (FY10) to 2011 (FY12) (IPEDS) Private Medians Public Medians $7,841 $10,067 $11,787 $12,682 $15,025 $21, Source: IPEDS Data

Remaining Need After Grant for Enrolled Students

Median Parent AGI for Enrolled Aid Applicants CPI-Adjusted Illinois Wesleyan Selected HCRC Clients: SewaneeColorado Bryn MawrBucknell EmoryKnox

Headcount approach Use historical data to predict prospect pool, admit rate, yield rate, final head count, tuition discount Use data to predict the per student NTR Calculate the estimated total NTR 550 students * $20,000 = $11m NTR

7

acrk : 4 ndrk : 4 Optimal HCRC University Sample

acrk : 8 ndrk : 5 Past Peak HCRC University Sample

Headcount approach (redux) Calculate the estimated total NTR 550 students * $20,000 = $11m NTR Shrinking prospect pool + students with higher need = shrinking NTR 575 students * $20,000 = $11.5m NTR

New Student Enrollment Fall Fall Fall Fall Fall

8

7

A Replay of 2013 – Maximum Net Tuition Revenue (While still being equitable)

A Replay of 2013 – Maximum Net Tuition Revenue (While still being equitable)

Educational & General Expenditures