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

Slides:



Advertisements
Similar presentations
How it All Works… Scholarships and Financial Aid.
Advertisements

What is FINANCIAL AID? NEED BASEDNON NEED BASED INCLUDING MERIT GIFT AIDSELF-HELP AID SCHOLARSHIPS GRANTS WORK-STUDY LOANS HIGHER EDUCATION TAX CREDITS.
Cost of Education – a Significant Factor Affecting Enrollment Prepared by: Elaine L. Rivera August 2009.
Financial Assistance Overview Presented by Joanne Graziano Executive Director for Enrollment Services LIU Post.
MPACT MPACT - Montana Partnering for Affordable College Tuition.
Presented by Joanne Graziano Assistant Provost and Executive Director of Admissions and Recruitment Long Island University- C.W. Post.
Financial Aid 101 Whitehouse High School October, 2014.
COLLEGE MONEY PLANNING Presenter: Kalman A. Chany President, Campus Consultants Inc. PLEASE TURN OFF YOUR CELL PHONES AND PAGERS.
Changes to Grants November What is CFNC? CFNC is a free service of the state of North Carolina Pathways of North Carolina College Foundation,
Tulane University Financial Aid Information
Student Financial Aid: What You Need to Know! Spring/Summer 2015.
Understanding Need Analysis and Calculating the EFC Financial Aid 101 David Mahoney, Bates College October 10, 2008.
Felice Rollins The College Place. Financial aid application process Definitions Types and sources of financial aid Questions Topics We Will Discuss.
Financial Aid Packaging at the University of Colorado February 2005 Gwen Eberhard Director of Financial Aid Boulder Campus.
Paul Calme Xavier University
PICKING A COLLEGE….. AND PAYING FOR IT Employee College Advising Program.
Paying for College Nicola Hildreth School Counselor.
MORGAN A. KELLY ASSOCIATE DIRECTOR STUDENT FINANCIAL ASSISTANCE SACRED HEART UNIVERSITY College Financial Aid Night.
Sources of Financial Aid Federal –Grants, work-study, loans State –Grants, scholarships, tuition waivers College/University (institutional aid) –Grants,
GRADUATE x119 College Costs, Financial Aid & Savings Options for Parents of High School Students Presented.
PAYING FOR HIGHER EDUCATION PRESENTER : ARTHUR APIYO ASSISTANT DIRECTOR of FINANCIAL AID BOWIE STATE UNIVERSITY.
College Financial Aid Night
Financial Aid & The College Decision Process
Financial Assistance Overview Presented by Joanne Graziano Executive Director for Student Financial Services LIU Post
What You Need to Know About Financial Aid. Topics We Will Discuss Tonight What is financial aid? How do you apply? Forms? Deadlines? How is eligibility.
Felice Rollins The College Place. Financial aid application process Definitions Types and sources of financial aid Questions Topics We Will Discuss.
Financing Your Child’s Education May 9, WHAT IS FINANCIAL AID? Financial Aid is any form of financial assistance provided to help families meet.
Slide 1 © NASFAA 2010 What is this Financial Aid Thing Anyway Capital High School October 24, 2012 Tracy Dahl and Sabrina Knoll Centralia College Financial.
Financing Your Education Paul Calme Director of Financial Aid Xavier University www.xavier.edu/financial-aid.
Scholarships and Financial Aid Paying for College.
PORTLAND HIGH SCHOOL Wednesday, December 8,
Monticello High School Seminar Paying for College.
1 Celebrating 30 years of Excellence Planning, Saving & Paying for College College Financing MEFA’s Guide to Today’s Presenter : Joe Farragher, Ed.D.
Finding Money for College Edna Karr High School February 26, 2013.
Financial Aid & The College Decision Process Chris George Director of Financial Aid University of Denver.
Making the Case for Private Universities: Keep in Mind “Best Fit” Senior AVID September 9, 2015.
Financial Aid / Student Loans. Student Loans  a loan obtained to pay for education bills in which the payments are delayed until after graduation.
You Can Afford College! GOUCHER COLLEGE EXPLORE GOUCHER DAY 1.
1 Celebrating 30 years of Excellence Planning, Saving & Paying for College College Financing MEFA’s Guide to.
Guiding the Way to Higher Education Families, Counselors, and Communities Together.
COLLEGE KNOWLEDGE FOR JUNIORS: DAY 1 What are the major costs of attending college? Take a few minutes to write down your thoughts...
Monticello High School College Planning Night September 2014.
Financial Aid: What You Need to Know
 Scholarship- A financial award which need not be repaid.  Academic Scholarships- Financial awards given to students for high academic achievement.
September 23, 2015 Top 10 Things You Must Know About Financial Aid Glenn HS Presentation.
Monticello High School 1/9/2012 Applying for Financial Aid Walking through the FAFSA,
FINANCIAL AID Ms.Escoto. ancial_aid_in_the_bag.
MORGAN A. KELLY DIRECTOR, STUDENT FINANCIAL ASSISTANCE SACRED HEART UNIVERSITY College Financial Aid Night.
College Cost UNDERSTANDING THE FINANCIAL AID PROCESS.
Financial Aid 101 Sharon Harper Director of University Scholarships University of Colorado Denver.
Welcome! Heidi Markey; Associate Director Erika Walters; Financial Aid Advisor University of Denver.
Presented by: Beth Howard Financial Assistance Meredith College.
FINANCE YOUR FUTURE. Types of Financial Aid GIFT AID Scholarships Grants SELF-HELP AID Work-study Loans.
PICKING A COLLEGE….. AND PAYING FOR IT. WELCOME John Martin: University of Virginia Assistant Director Financial Aid.
College and Financial Aid. College Planning and Financial Aid Websites Pennsylvania Higher Education Assistance Authority (PHEAA)
College Financing Presented by: MEFA’s Guide to. About MEFA Not-for-profit state authority created in 1982 Helping families plan, save, and pay for college.
Chuck Moore, CCFC, CAMC, CAFC Louisville, Kentucky ▪
Choose a category. You will be given the answer. You must give the correct question. Click to begin.
Covenant Christian School Guidance Meeting FINANCIAL AID 101.
Financing Your College Education Information for college-bound students and their families Presented by Student Financial Services Office Seattle University.
FINANCIAL AID 101 David Boughton Assistant Director of Financial Aid Siena College Warrensburg High School January 8, 2013.
WHAT IS FEDERAL STUDENT AID?  Federal Student Aid, a part of the U.S. Department of Education, is the largest provider of student financial aid in the.
Financing Your College Education Information for college-bound students and their families Presented by Seattle University.
Understanding The Financial aid process
Scholarships and Financial Aid
College what it costs and how to pay
Unequal Family Income = Unequal Opportunity
Tulane University Financial Aid Information
Bait- Picture it, the excitement of college, move in day, new friends and experiences. Pitfall- Every year students miss out on this dream, families take.
Presentation transcript:

D1407: Enrollment Management: A Game of Trade-Offs, Compromises, and Occasional Victories Paul Hamborg, Enrollment Research Associates, TX Bambi Burgard, Kansas City Art Institute, MO Christopher Ellertson, Trinity University, TX Michael Thorp, Millsaps College, MS

Change in Consumer Behavior From 2000 to 2008: The household savings rate dipped below zero Median family income stagnated The consumer price index increased 27% Private college tuition increased 57% Since 2008: Willingness and ability to borrow has decreased dramatically Current income is now the primary source for paying for college

Family Financial Circumstances Family 1: $6,000 EFC Family 2: $13,000 EFC Family 3: $22,000 EFC Family 4: $36,000 EFC Annual Wages$70,000$100,000$135,000$175,000 Monthly Net Income$4,270$5,873$7,605$9,500 Housing Costs$2,255$2,695$3,179$3,600 Transportation Costs$575$950$1,550 General Expenses$1,485$2,160$2,735$2,835 Total Expenses$4,315$5,805$7,464$7,985 Net Income/Loss-$45$68$141$1,515

What Happened in 2009? A Study of 902 Private Colleges Change Students 454,969458,8313, % increase Average Tuition $24,122$25,177$1, % increase Discount 38.6%41.3%2.7% Net Revenue $14,397$14,497$38

Changes to the FAFSA in 2009 As part of the American Recovery and Reinvestment Act passed on February 17, 2009, the Department of Education dramatically increased eligibility for federal Pell Grants This goal was achieved in several important ways: Expanding Pell to a year-round program where students can draw grants for summer study Expanding eligibility for Pell by adjusting the underlying formulas that determine a student’s Expected Family Contribution A slight increase in the maximum Pell award and in the EFC cut-off value

What Happened in 2009? A Study of 902 Private Colleges Change Pell grants 106,797133,81127, % increase Percent with Pell 23.5%29.2%5.7% Pell Amount $366,258,257$543,099,737$176,841, % increase Student Cost $11,750$11,398-$ % decrease

Merit Scholarships Versus Need-Based Aid Most merit-based scholarships contribute toward meeting student need as defined by the FAFSA We have a valid and reliable measure of academic profile, while we do not have a valid and reliable measure of need Actual need versus perceived need has become a more significant issue

11 Year Average: 640.2

New Students Tuition$26,240$27,814$29,482 Net Revenue Per Student$5,934$8,064$10,323 Discount Rate77.4%71.0%65.3% Average ACT One-Year Retention Rate76%88%- Millsaps College Enrollment Results,

Year Discount Rate % % % % %

Question 1 Enrollment management has become increasingly data driven over the past decade. How have each of you integrated data-driven decision making into your admissions and financial aid operations?

Question 2 Approaches to conducting search and managing prospect and inquiry pools has been evolving rapidly over the past few years. What tactics are each of you taking to increase the number of applicants who have a strong likelihood of attending your institution?

Question 3 All Presidents, especially new ones, want it all: more students, more revenue, lower discount, and higher quality students. How do you educate them, and the rest of the campus community, on the realities of enrollment management in 2011?