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Preparation

Preparing for Prediction

The information age is enlightening… well not exactly. For those of us who see the dirty little secrets of data, we know that too often data is not really enlightening at all, but a rather monstrous leviathan that’s just sitting there waiting to devour anyone who sets foot in its labyrinth. Alright, enough with the middle earth references. We often run into situations as an organization where the data that we need to run predictions ...
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Identifying Enrollment Management Problems Using Predictive Analytics

Identifying Enrollment Management Problems Using Predictive Analytics

Former Centenary University President David P. Haney reminds us that it is not always easy for educational institutions to identify problems. "First, we often jump to potential solutions before defining the key issue. For example, 'Our enrollment is too low' does not state a problem. Increasing enrollment is a solution to different potential problems, such as unused capacity or most commonly an operational deficit. Increasing enrollment may be a solution to a deficit, but it ...
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Tuition Discounting

Can Predictive Analytics Optimize Unfunded Tuition Discounting?

The most recent NACUBO report confirms that the average tuition discount rate at private nonprofit institutions continues to march higher. The estimated rate for first-time undergraduates now stands at 52.6% for the 2019-20 academic year. Despite this decade-long trend, the report also indicates that over half of the surveyed institutions had flat or declining enrollment. This trend is widely seen as both detrimental and, in many ways, unsustainable. Employing a potent combination of predictive analytics ...
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New Priorities: Recruitment, Yield and Retention

New Priorities: Recruitment, Yield and Retention

According to University of Texas professor of history Steven Mintz, “For many institutions, recruitment, yield, and retention now stand at the top of the priority list, with liquidity, cost cutting, and revenue generation close behind.” The current environment of furloughs, layoffs and budget cuts makes meeting institutional objectives all the more challenging. During uncertain times your enrollment team needs the proper tools to intelligently and efficiently traverse large student data sets.Taylor University was in a ...
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Now is the Time for Predictive Analytics

Now is the Time for Predictive Analytics

Properly managing net tuition revenue is more critical than ever, and not just for tuition-dependent private schools. As cash-strapped states look to slash budgets, funding for public universities is an all too easy target. According to a recent Moody’s Investor Service research announcement, expect universities in the US, Canada, UK, Australia, Singapore and Mexico to enroll fewer students for the next academic year than initially forecast. While instruction remains virtual “income from residence halls, catering, ...
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