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EAB experts demystify financial aid optimization, a discipline that is essential to a school’s ability to enroll and support a mix of students from different backgrounds while still generating enough revenue to fulfill their mission.
Low-income and working students, who are more likely to be students of color and first-generation students, are less likely to have the ability to pay the tuition and fees required, decreasing their likelihood of persisting to graduation. By providing financial assistance to low-income students, Kansas State University can work to close the achievement gap, prevent low-income students from stopping out of college, and boost retention and graduation rates.
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The college financing system is difficult to understand for prospective students and their families, especially those most in need of this information—low-income and first-generation college students. All faculty and staff who interact with prospective students must be prepared to demystify pricing and highlight their institution's strengths. To prepare these individuals for those conversations, Robert Morris University launched a comprehensive training program for admissions counselors, financial aid officers, faculty mentors, and student support staff.
Campus leaders tend to view work-study programs as just a component of student financial aid packages. But campus jobs can also serve as career development opportunities.
3 out of 4 high school students fill out the FAFSA in Tennessee.
Two researchers examined the effects of tuition changes at roughly 1,600 colleges over 14 years.
"A tuition increase pales in comparison to going to school for another year," says one participant.
EAB researchers will break down the current landscape of student debt –analyzing trends in borrowing and repayment,and how they are affecting various segments.
See how Kenyon College was able to increase net tuition revenue, expand diversity, and increase quality through a partnership with Financial Aid Optimization.