Quick, what business makes more money than the NFL yet pays most of its workers next to nothing? The answer is college sports, which according to a ruling handed down last month by federal judge Claudia Wilken, should indeed be recognized as a business. College sports generate $10.5 billion in revenue, the bulk of it […]
Streamlining the awarding and processing of student loans—Federal Perkins as well as institutional loans—began at the Illinois Institute of Technology with a simple question and a frustrating answer. "It started because I asked, 'What is the process?'" recalls Jackie Anderson, associate director of student accounting. "No one really knew." So Anderson rolled up her sleeves […]
The setting was big, the company was good and the technology talk was buzzing at this year's UBTech Conference, held June 16 to 18 at The Mirage Las Vegas. And based on the feedback from our 1,273 attendees, the "Technology Changes Everything" tagline will be put into practice as administrators and educators from the more […]
The coming change in how student loan default rates are calculated may mean bad news for some colleges and universities. With the new calculations, the rate at which a group of students later defaults on loan payments will increase for most institutions, and schools with a particular default rate for three consecutive years will lose […]
Although managing enrollment efforts has never been easy, it was not that long ago when the traditional funnel was somewhat predictable. As an admissions counselor in my early days, I could easily work backward to set goals for my territory, starting with my goal for the number of enrolled students. I then used historical data […]
Some see the three year baccalaureate as a fad which will ultimately dilute the depth, breadth, and rigor of the true college learning and living experience. Other commentators see the accelerated credentials megatrend as the natural outcome of decades of degree inflation. Think about the fact that an associate's degree is no longer the coin […]
A decline in high school graduates and students applying to more institutions are what one expert sees as the two main reasons more colleges and universities are struggling to meet their admission yield targets. The average yield rate among four-year colleges and universities fell from 42.9 percent in 2009 to 36.9 percent in 2012, according […]
Along with enrollment, public funding and debt, providing health care to employees will be among the top financial pressures on higher education in the coming years, say several campus administrators. Bill Kelleher, vice president for finance and administration at Western New England University in Massachusetts, says health care is indeed one of the biggest components […]
Student loan default can affect an entire campus, as high default rates negatively impact an institution's federal funding. Therefore, it is essential to keep cohort default rates as low as possible. The right education and communication strategies can help borrowers gain the financial skills necessary to avoid default. This web seminar, originally broadcast on February […]
Identifying students who are at risk of student loan default and establishing ongoing communication with those students are two key strategies for minimizing borrower default. Financial aid administrators should include these strategies and more in their default prevention programs, so borrowers are aware of their repayment options and less likely to default. This web seminar, […]
