Student Life Cycle Management

Schools can learn more about their three-year student loan cohort default rates by: understanding the default rate calculation, anticipating default rate implications, assembling the right team of stakeholders to address default rates, examining and understanding borrower characteristics and creating and implementing the best plan of action.

With the nation's student debt passing $1 trillion, those questioning the cost and value of higher education are getting more attention in the mainstream media. Has your institution felt pressure to justify its tuition? Have you seen admission and retention numbers drop? The issue of student debt isn't going away, but there are ways to minimize its impact on your institution.

As we come to the close of the year, and of budgets for many, University Business’ Winter 2012 Models of Efficiency honorees offer up excellent examples of ways in which colleges and universities can save money and reduce their bottom line. From automation to consolidation to going digital, these nine winners provide a series of successful ideas that can help with evaluating, planning, and squeezing more out of next year’s budgets.

Bernard (Bill) Zannini, MBA, discusses how Northern Essex Community College, which serves more than 7,000 students at its campuses in Haverhill and Lawrence, Mass, built its entrepreneurship program after its community lost its manufacturing base, jobs dwindled, and unemployment soared.