Scholarship Office Benchmarking Presentation May 18, 2010.

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Presentation transcript:

Scholarship Office Benchmarking Presentation May 18, 2010

Benchmarking Goals Determine ways to remain competitive Leverage resources to meet recruitment goals Utilize technology Identify communication and collaboration strategies

Benchmarking Partners Competitor Schools: Illinois State University University of Illinois MAC Schools: Ball State University Miami University (uses PeopleSoft) Best Practice Schools: Indiana University Purdue University Indianapolis University of Wisconsin – Madison Private School: Loyola University

Benchmarking Questions What is the enrollment? What is the tuition for 12 or more undergraduate hours? What is the organizational structure? What is the scholarship selection process? What is the timing of scholarship offers? What is the total scholarship budget? What is the breakdown of institutional tuition waivers, endowed funds, or state or institutional cash money? For the academic merit awards, what is the percent of the award to tuition? How are these scholarships funded? What assessment practices are used to measure effectiveness of scholarship processes as they relate to institutional recruitment goals?

Enrollment Findings

Tuition Findings

Organizational Structure Findings Only 2 out of 7 schools have a designated Scholarship Office with their own Director IUPUI Loyola 5 out of 7 schools: scholarship process resides within Financial Aid

Scholarship Selection Process 3 institutions use a combination of automatic or computerized scholarship awards, application review by committee, and decentralized department awards »NIU falls into this category 2 institutions: decentralized » selection processes are unknown 1 institution: computerized awarding or nominations by departments 1 institution: individual file review by Admissions by committee

Timing of Scholarship Offers Trend is to make scholarship offers in the Spring for the upcoming Fall 2 institutions: offers made at the time of Admission Range: December 1 – July 1

Scholarship Budget and Breakdown Waivers

Academic Merit Awards Award Covers Full tuition (3) Half tuition (1) Room &Board (2) Source of Funding Tuition waivers (1) Cash funds (2) Combination (3) Not reported (1)

Assessment Practices Only 3 institutions have formal assessment practices –Loyola: outside consulting firm –IUPUI: extensive program review –U of I: based on review of yield 3 institutions in development or under review

Implications and Goals for NIU

Implications and Goals Identify additional scholarship funds Leverage resources Utilize technology FY11 Annual Priority Measure effectiveness FY11 Annual Priority

Questions?