ERIC Number: ED536852
Record Type: Non-Journal
Publication Date: 2009
Abstractor: As Provided
Reference Count: 0
Connecting Enrollment and Fiscal Management: Guide Your Campus through the Uncertain Economy with the Fiscal Indicators Inventory[TM]. Noel-Levitz White Paper
How is your institution using its fiscal resources to its greatest advantage to fulfill the school's mission and meet expectations in today's economy? In an era of reduced resources and escalating costs, it's a question that every institution of higher education should be asking. Yet, despite the economic pressure, many campus leaders still need to take steps to fully integrate their enrollment policies and fiscal management. While institutions have become increasingly sophisticated and proactive in managing their enrollment outcomes, campus administrators often continue to set goals and pursue objectives for enrollment and fiscal policy without sufficiently connecting these two areas. At the heart of this issue are questions such as: (1) How certain are you that your tuition, fee, and financial aid structures are providing the strongest enrollment and revenue results possible?; (2) How are you monitoring the changing demographics and price sensitivity of prospective students in your marketplace?; (3) How do you know that you are offering the optimal number and variety of academic courses and programs in order to meet enrollment needs and address fiscal realities?; (4) Are you re-allocating at least a percentage of your operational budget to new initiatives based on sound analysis of current strategies and tactics?; and (5) What metrics should you be tracking in order to harmonize your enrollment and revenue goals? This paper addresses those questions and discusses the strategies and metrics your campus needs to optimize its enrollment and fiscal policies.
Descriptors: Educational Finance, Courses, Income, Financial Policy, Colleges, Tuition, Fees, Student Financial Aid, Competition, Student Recruitment, Academic Persistence, School Holding Power, Enrollment
Noel-Levitz, Inc. 2350 Oakdale Boulevard, Coralville, IA 52241. Tel: 800-876-1117; Tel: 319-626-8380; Fax: 319-626-8388; e-mail: email@example.com; Web site: http://www.noellevitz.com
Publication Type: Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Authoring Institution: Noel-Levitz, Inc.