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ERIC Number: EJ947296
Record Type: Journal
Publication Date: 2010
Pages: 19
Abstractor: As Provided
Reference Count: 20
ISBN: N/A
ISSN: ISSN-0884-9153
Optimization Techniques for College Financial Aid Managers
Bosshardt, Donald I.; Lichtenstein, Larry; Palumbo, George; Zaporowski, Mark P.
Journal of Student Financial Aid, v40 n3 p39-57 2010
In the context of a theoretical model of expected profit maximization, this paper shows how historic institutional data can be used to assist enrollment managers in determining the level of financial aid for students with varying demographic and quality characteristics. Optimal tuition pricing in conjunction with empirical estimation of matriculation probability functions illustrates how financial aid can be used to maximize net tuition revenue given institutionally determined objectives. The model provides insight to the level of price sensitivity of prospective matriculants at a medium-sized comprehensive private college. (Contains 12 tables.)
National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: membership@nasfaa.org; Web site: http://www.nasfaa.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A