Growing
Revenue
Unlocking needed revenues
Budget cuts, shrinking government grants, tuition freezes, and the threat of further regulation mean that schools need alternate sources of revenue. For most schools, there are two major sources hiding in plain sight:
1. International tuition fees
Matching your international tuition fees with market perceptions of the value of your major programs can deliver significant revenues. One school did just that and saw its international revenues grow from 14% to 27% of student-generated revenue.
This potential for revenue growth is as true of smaller schools as it is for the largest.
CRi has completed over 60 studies to help clients bring their international fee revenue and enrolment goals into better alignment.
Below is just one example of successful, data-driven tuition tweaks.
You can read up on why now is an excellent time to consider tuition elasticity here.
2. Improving retention
Lowering attrition can unlock millions of dollars of additional revenue for even the smallest institutions.
Using CRi’s HeadStart Proactive Retention System, a major comprehensive university saw an 80% drop in attrition among its highest risk students and a 50% drop among students in the second-highest risk category.
Our system allows advisors to reach out to at-risk students the moment they first set foot on campus.
Everyone wins: the students retained, your institution’s revenues and, we daresay, the greater world of education.
We’re happy to show you how.
Want to know more?
Call us at (514)-250-4495 or let us reach out.
“To improve is to change; to be perfect is to change often.”
Learn how you can tweak your recruitment cycle to attract (and keep) your ideal students.
Learn how to keep more of the students you’ve recruited with CRi’s retention research tools.
Learn how to improve your competitive position at the institution-level or the program-level.