Financial Aid Leveraging Analysis
Academica's Financial Aid Leveraging Analysis services bring financial assistance strategies into alignment with the student recruitment and retention goals of the institution and the needs of high priority student segments.
Our Leveraging Analysis services provide actionable intelligence to assist institutions in addressing the following strategic questions:
- To what degree does the cost of education factor into enrolment decisions of target student segments?
- How aware are prospective students and their influencers of available sources of financial assistance?
- What is the ‘tipping point’ at which student financial aid and scholarship offers influence student decisions to attend a specific institution and persist in their studies?
- How, when, and where do various audiences seek information about the cost and financing of a college/university education?
Academica's consultants conduct an operations review of the financial assistance programs, services, policies, systems and practices, as well as work with representatives of the Financial Aid and Institutional Research offices to conduct analyses that identify:
- The tipping point (or optimal aid) for accepted freshmen, transfers, and returning students;
- The appropriate mix of scholarships as well as other institutional aid sources to align with the demographic, academic, and socio-economic profile of target student segments; and
- Institution budget required to achieve the institution’s recruitment and retention goals.
Based on our Leveraging Analysis approach, we offer strategy recommendations such as frontloading packaging strategies aligned with the student search program, promotion of scholarship opportunities, renewability criteria, retention-focused aid practices, and scholarship and discounting strategies for institutionally identified high priority target populations.
