1. STATE OF THE INDUSTRY
Lisa Pullman
Executive Director, INDEX

2. INDEX SCHOOLS

3. SCHOOL SURVEY: TOP 5 INITIATIVES FOR 2016-17
Capital Campaign
Strategic Planning
Building Projects
Enrollment
Curriculum (e.g. mapping, integration, etc.)

4. Total Revenue Net Tuition Revenue
21st Century Trends
The Good Old Days
Financial Crisis
The New Reality
Total Revenue
Total Revenue Growth (CAGR)
6.0%
Non-Tuition Revenue Growth (CAGR)
3.4%
3.5%
4.0%
3.2%
3.4%
Net Tuition Revenue
Net Tuition Revenue Growth (CAGR)
7.1%
Tuition Discount (CAGR)
2.9%
3.4%
5.4%
3.7%
1.6%
Enrollment
Enrollment Growth (CAGR)
0.6%
Schools with Declining Enrollment
16%
0.1%
32%
0.2%
32%

5. TUITION

7. Tuition
Pre-Financial Crisis
Financial Crisis
Post Financial Crisis
Average Tuition Increase (CAGR)
6.1%
4.3%
3.6%
Maximum Increase (CAGR)
8.9%
6.0%
6.4%
Minimum Increase (CAGR)
2.4%
2.3%
1.5%

9. TUITION DISCOUNTS: NEED-BASED AID, MERIT AWARDS & TUITION REMISSION

10. Need-Based, Merit, Tuition Remission 2002-07
Average Tuition Discount
9.4%
Tuition Discount Growth (CAGR)
2.9%
14.1%
5.4%
16.5%
1.6%

11. ANNUAL GIVING & ENDOWMENT

12. Annual Giving 2002-07 2008-12 2012-16 Nominal $ (CAGR) 5.8%
Real $ (CAGR)
2.6%
(0.4%)
(2.0%)
5.1%
4.1%

15. +45%

16. Endowment per Student Nominal $ (CAGR) Real $ (CAGR) 16.6% 13% (11.2%)
16.6%
13%
(11.2%)
(11.8%)
6.4%
5.4%

17. OPERATING EXPENSE & DEBT

18. 2004-16 3.1% 4.3% 6.5% Total Expense $ Administration Expense $ (CAGR)
Instructional Expense $ (CAGR)
4.3%
Administration Expense $ (CAGR)
3.1%
Plant Expense $ (CAGR)
6.5%

19. The Attraction of Debt

20. Debt $ Debt to Unrestricted Net Assets 2002-07 2008-12 2012-16
Debt : Net Assets
0.30
0.42
0.36

21. ADMISSIONS: INQUIRIES

22. Inquiries Percentage Change Lower School Middle School Upper School
(24%)
(17%)
(15%)
(17%) 3%
19%
(7%)
(8%) 5%

27. APPLICATIONS, ACCEPTANCES & ATTRITION

28. Application Growth (CAGR)
(1.4%)
0.6%
2.5%
Application Growth (CAGR)
Lower School
Middle School
Upper School
(2.7%)
(2.4%)
(0.3%)
(3.3%)
(0.1%)
2.9%

33. Acceptance Rate Acceptance Ratio 2003-08 2009-12 2012-16
Lower School (CAGR)
4.9%
5.4%
0.5%
Middle School (CAGR)
4.3%
3.2%
(0.9%)
Upper School (CAGR)
1.4%
1.8%
(1.2%)

34. Attrition Acceptance Ratio 2003-08 2009-12 2012-16 Lower School 0.1%
(0.4%)
(0.1%)
Middle School
(0.1%)
(0.6%)
Upper School
(0.4%)
(1.1%)
0.6%

35. ENROLLMENT

36. Enrollment

41. Smaller Schools Tend to have Enrollment Erosion

42. Midwest and Mid-Atlantic Hit Hardest

43. West and Southwest are Growing Fastest

44. The Cost to Fill a Seat

45. STUDENT DIVERSITY

48. Top Quartile - Student Diversity Bottom Quartile - Student Diversity

49. ACADEMICS

54. Thank you!
Questions?
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